Forex Strategies

The FX Broker Does Many Things

2009-12-25T03:29:00.000-08:00

FX brokers competitive can either be individuals or agencies who will do their best to help you profit from the market and cover the risk of the investment that you made. You Foreign exchange trading will largely depend upon your broker as he or she will help you to succeed in the Forex market.

The FX broker competitive does several things: helps you to manage your accounts, executes your orders and keeps you informed of market trends. You will need to take a look at the forex broker competitive rating before you decide to choose a broker.

If you have Internet access, then you will find many website that suggest forex broker competition. Some of the important things to know is what the minimum amount is to open an account, will there be any commission charges, etc.

You must make sure that your FX broker competitive has the right qualifications. Now that your list has been narrowed, it is time to research your choices. One good idea is to send some e-mails out to your customer service people and see how long it takes for them to respond.

When considering a forex broker competition, find out just how fast it takes him to execute an order. You should also find out how much slippage you can expect.

When Searching For A FX Broker

2009-12-25T03:06:00.000-08:00

FX brokers competition are valuable to those that wish to enter into a foreign exchange currency trading.

With the advent of online businesses assisted by the technology of the Internet, online FX brokers competition are popping up like plants in the World Wide Web because of the ease and inexpensive ways of establishing a corporate appearance. If you are a novice forex trader, you need a very good broker at your side. However, with so many of them to choose from, what should you look for in a broker?

First,FX brokers should offer competitive spreads, or the difference between the selling and buying prices of a certain currency. Good FX brokers competition offer anywhere between 3 and 5 pips, the ideal spreads that can make sure you are gaining from your investment.

Avoid as much as possible those FX brokers competition that offer variable spreads, as you may find a spread that suddenly widens during a busy market, which is where you would gain money, but only if the market is bullish Another good indication of a reliable broker is one who uses a secure online connection to take payments and funding for your foreign exchange currency account.

Choosing Regulated FX Broker Competition

2009-12-25T01:51:00.000-08:00

There are oodles of regulated FOREX brokers competition online these days and it is hard to pick the best from all these trading platforms. The most important criteria you want to know when choosing these trading platforms are the forex broker competitive spreads.

The more forex broker competitive spread these platforms have the better. A spread is the difference between ask and bid value. The lesser the difference,

the spread is said to be more competitive. Competitive spread commonly ranged around 3 to 5 pips.The next most important criteria you need to know is the transparency of the regulated FOREX brokers competitive platform. Sometimes they

might charge you more than they tell you and you might not even know it. They are not there to cheat you. Sometimes there are just errors and

I'm sure you don't want to pay more just because of all these errors.

If you're a beginner at trading FOREX, look for regulated FOREX brokers competition that give away EBook at no cost that teaches you conduct to trade FOREX. Don't look for a trading method that only teaches you how to use their software. Make sure this EBook shows you everything right regulated FX brokers or you'll lose both your time and money substantially.

The Ultimate Trader Champion

2009-12-16T07:44:00.000-08:00

Win Cash Prizes

ForexGen has the pleasure to announce the launching of the ultimate trader champion on the first of every month.

Interested clients who wish to participate in this event shall send an e-mail request on contest@forexgen.com including the following information:

Full name
Phone number

Also provide us with the following identification document:

" Certified copy of the information pages of account holder current valid passport or government issued photo ID"

After we receive your request we will provide you with further details and with your ForexGen demo account login information which will be used in the trading contest.

This Forex contest for the current month will starts on Sunday 20-12-2009 at 10 pm GMT and ends on Thursday 31-12-2009 at 10 pm GMT.

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

ForexGen is Giving You Cash This Christmas

2009-12-15T05:20:00.000-08:00

There aren’t many Forex promotions like this one, but then again there aren’t many Forex Brokers like this one.

Get a 25% cash back straight into your trading account, on any deposit you make up to $100,000, during the month of December OR get free rebates also during the month of December and next 3 months that you will get $ 1 for each closed mini lot and $ 10 for each closed standard lot.

ForexGen knows what traders are looking for, Simplicity, Security and Safety. That’s why the majority of our traders use our services again and again.

We offer 24/7 hour support and a personal account manager to all of our traders.
We offer training and education resources.
We send our traders daily Market Reviews by email each day.
We send the latest trading signals by email.
And we don’t charge fees or commission.
Free hedging activities.
Free Signals, Charts and news.

Register with ForexGen to start trading Forex and we’ll look after the rest.

For more information about Christmas at ForexGen email us at Operations@forexgen.com

How They Earn a Living

2009-01-11T12:15:00.000-08:00

The traditional definition of a forex broker is one who puts buyers and sellers together for a commission or fee. Many forex brokers make their money by charging you a spread, the difference between the buying and selling prices for a currency pair.

Spreads greatly impact your forex returns and vary depending on the type of account you open. As buying low and transacting high is the trader’s goal, a wider spread means you have to pay more when you buy and wind up with less when you sell. In some cases, your broker gets the difference, which is added onto the price of the trade. Spreads often narrow or widen depending on market liquidity and other factors.

Pips (Percentage in Points) are the smallest price unit of a forex currency, which is quoted to the fourth decimal point. Spreads, one of the primary costs of your forex trading, are measured in pips and the slightest variances can make a big difference.
I have worked with many different types of forex brokers and have witnessed the haphazard ways in which clients’ investments were distributed. In many cases, the trading transaction would go into a ‘bucket’, and never actually execute. My heart would go out to the scores of clients who had quit their day jobs, anticipating income from trading forex, only to learn their profits had disappeared due to some alleged violation. In reality, there was no profit to deliver since the buy/sell trade never happened and the broker had to come up with an excuse. These types of brokers operate in what’s commonly known in the forex industry as a “bucket shop.”

From Electronic Communication Networks (ECNs) to retail forex companies, the type of forex broker chosen is a factor in the timeliness and return on your investment. ECNs do not trade against you and act as an Interbank broker in the free market by connecting the major banks and brokerages with individual forex traders. The spreads may be smaller but you know upfront what you’re paying for the service – either a flat fee or commission.

Retail forex companies are glorified bucket shops and are often referred to as market makers, since they essentially create their own trading markets. Spreads are arbitrarily decided, trades are made against you, and profits are distributed at the broker’s discretion. Retail forex companies are attractive to newcomers and those short on cash because they don’t require large investments. If you don’t mind running the risk of having your profits disappear on a whim, then retail forex companies are a good place to learn the ins and outs of forex trading. They allow you to demo trade on their platforms until you know what you’re doing and give you unusually high leverage.

Of the two types of brokers, a forex ECN broker is the more legitimate. They provide a place where banks, traders, and multiple market makers can enter competing bids and offers around the spread amount. Unlike a dealing desk, bank quotes are consolidated and orders are matched to the best bid/offer price on which traders are permitted to trade. Although minimum trade requirements are often higher and leverage is lower, prices are not manipulated, profits can be more stable, and trades are passed to a real trader, the Interbank.

When honestly executed, forex spreads can be a valid indicator of what’s happening with your trade. After years of mistakes and believing everything I was told, I now know to look for the red flags, such as reverse pips, rejected transactions, tight spreads, and delayed executions. These are common strategies used to deceive many forex traders.

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Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:

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Also provide us with the following identification document:

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An Introduction To Forex Scalping

2009-01-11T11:57:00.000-08:00

Scalping for quick small profits is a very popular Foreign Currency (Forex) trading strategy, requiring extreme discipline and focus. True Forex scalpers make between 10 and 100 trades per day. If a position goes against them they exit quickly rather than holding on and hoping that it will turn around. A Forex scalping system aims to make 5-15 pips per trade.
The goal of a Forex scalper is to buy or short a pair of currency at the bid or ask price and then sell quickly when the trade is in profit by a few pips. Using this trading strategy of taking a few pips out of the Forex market at a time, can easily compound into large gains as long as a strict exit strategy is used to prevent losing trades absorbing all profits.

Generally Forex scalpers use the 1 min, 5 min and hourly charts to find trades that can make them a small profit. As the Forex scalper is only interested in making a few pips per trade it is essential to use a broker with low spreads and instant execution of trades.
A few things that can improve your chances of being successful as a Forex scalper are:

- Make sure you know when news relevant to your currency pair is coming out.
- Write down the previous days Open, High, Low and Close.
- Learn some basic candlestick patterns so you can identify them when they occur.
- Draw in major trendlines and pivot points on the daily and hourly charts of your currency.
- Determine the major direction for the day, Bullish or Bearish, trading in the longer term direction will gives trades more chance of being successful.
- Adjust your stop when you are 10 pips in profit.
- If the trade is taking to long to go in your direction or you don’t feel comfortable with it, get out.
One advantage of Forex scalping is that the small targets of 5-15 pips are easier to achieve.

One of the frustrations Forex traders have is when the trend reverses during a trade, because Forex scalper’s get in and out of the market quickly this is less likely to happen. Many people have been successful with Forex scalping, so there is proof that it can be a profitable Forex trading method. A disadvantage is that the risk to reward ratio can be very low. As the profit per trade is so low, one bad trade can wipe out all the profits for a day. This means it is especially important to set and move a stop loss.

There are a couple of traps that new Forex traders fall into when they begin Forex scalping. They may become addicted to making random profits, especially if they are immediately successful. This can lead to the trader taking more risky trades and not sticking to their plan. A second trap is trying to make up for the losses of yesterday. New traders often think about how they can win back the money they lost a previous day, this tends to cloud their judgment and can lead to emotional trades that are doomed for failure.

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Forex Trading Common Mistakes

2009-01-11T11:48:00.000-08:00

Learning about the common mistakes made in foreign currency trading will help you to improve your skills and chances of being successful. Here are some common mistakes and assumptions new traders make:

- Misplacing Stops
Stops are necessary to avoid bad losses, however poorly placed stops can be just as bad. Before placing a trade the trader should consider the risk to reward ratio for the trade. The stop needs to be set with the traders money management in mind and should not be too close or too far away from the price. Traders should also consider moving their stop as the trade goes in their favor to lock in profits and reduce potential losses.

- Abusing Leverage
With Forex brokers offering up to 400:1 leverage, it’s easy for inexperienced traders to get carried away with the hope of making quick profits. When traders use a high level of leverage the returns can be astounding, but when the trade doesn’t work out the result can be catastrophic. Traders should always calculate the dollar value of the risk they are taking for each trade and ensure that this is appropriate for their account balance. Experienced traders rarely risk more than 2-3% of their account balance on any one trade.

- Placing Technicals On A Pedestal
Technical indicators are great tools that assist traders to make decisions. However making decisions for trades based solely on what the technical indicators are telling us can result in large losses. By considering fundamental information together with technical information you will have a much better chance at being successful.

- Day Trading
There are successful day traders out there. However, for new traders, trading with the longer term trend will be easier and have a better chance of making profits. Longer duration trades give the position more time to move in your favor, particularly if the market is volatile.

- Blindly Following A System
There are a lot of Forex systems out there that promise miraculous results. But if you start trading one of these systems without proof that it actually works you could find your account balance quickly reduced to 0. If you want to use a Forex trading system, a sensible approach is to backtest and forward test it using software or on paper before putting any real money at risk.

- Underestimating Emotions
Emotions can have a huge impact on your Forex trading. Keeping a trade diary will help you to understand how your emotions are affecting your trading, you can then learn to use them to your advantage.

- I Backtested It So It Must Work
A mistake traders make is to assume a backtested system will continue to work. Forex markets are constantly changing and are effected by global and political events. Before you begin to use a backtested system you should consider if it reasonable to assume that the market conditions the system has been tested on are likely to be similar to market conditions in the future.
Hopefully this article has given you some tips on how to avoid common Forex trading mistakes.

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ForexGen Introducing Brokers, White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a huge income sharing plan.

[ForexGen] provide appropriate services satisfying the needs of all business partner's specified situation and requirements.

Forex Envelope Scalper

2009-01-11T11:29:00.000-08:00

The envelope scalper system is one of the most revolutionary ways to make money in the Forex Market based on an age old method called SCALPING. Scalping is probably the method that makes most sense to you and the one you probably thought of the most often: trade larger lots and go for locking in gains on smaller movements multiple times every day. In a nutshell, here is what Forex scalping entails:

1. Scalping is a better way to control risk.
2. Scalping is often considered "easier" than trying for large gains.
If you have ever seen the traders in the pits flashing hand signals to each other, they are scalping. And Forex traders are notorious scalpers because there is zero commission. Nasdaq market makers scalp and so do the specialists on the floor of the NYSE.
LETS FACE IT = SMART MONEY SCALPS FOR PROFITS
We felt there was a need to introduce a viable scalping tool, one that everyone could take advantage of, not just upper tier firms. With the Envelope Scalping strategy everyone can participate in one of the streets most used money making methods...scalping.

What are Envelopes?
What we have developed is a scalping strategy for the masses. One that can be used by the most experienced fund manager to the newbie looking to place their first trade. We avoided the complexities of lagging chart indicators in favor of simple math.
These simple algorithms are used to trade any market intraday; with 5 minutes of work in the evening you are all set for trading the next day.

Why Is This Strategy Different?
• Focuses on the actual trading strategy...not useless pages about what type of computer you'll need.
• Is a unique scalping strategy, not recycled ideas.
• Can be used as a stand alone strategy or as an addition to your existing trading arsenal.
• Recognizes that trading is very much a mental game and covers the topic appropriately.

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Advantages of No Dealing Desk Option

*Trade the news without intervention or restrictions
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*A client-friendly trading environment, No re-quotes.
*Ability to place orders inside the spread
*Competing rates from multiple banks
*Spreads are variable and can move sharply
*Ideal for active or professional FX traders

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Scalping As A Trading Style

2009-01-11T10:54:00.000-08:00

Scalpers inhabit an area of fairly small trade movements and feed off the table of bigger fish. The casualty rate is high (although this statement cannot be limited to scalpers only), but those who survive are well prepared to profit, in spite of the constantly changing trading environment. This ability to adjust immediately is worth it, as such a skill is necessary to prosper in difficult and quickly changing markets.

BUT WHAT IS SCALPING?
The basic definition of scalping is a trading style in which a trader takes a profit on the first leg of a movement, not allowing the stock any meaningful retreat. It is based on an assumption that it is easier to get a higher amount of winning trades when profits are taken faster, minimizing the cases when relatively small profits evaporate and turn into a loss. This is contrary to the more conventional and commonly accepted approach where a trader lets profits run, risking losing them on a reversal or a severe pullback, and trying to make up for a diminished win/loss ratio by a bigger ratio of winner vs. loser.

Scalping is based on the following main premises:
1. Lessened exposure limits risk. Being in the market for a relatively brief period of time decreases the chances of running into extreme adverse movements, causing huge losses.
2. Smaller moves are easier to obtain. Obviously, it takes a bigger imbalance of potential buyers and sellers to cause bigger price changes.

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How to Get Started?

People are introduced to the exciting world of foreign exchange in many ways: friends, current events, newspapers, television, and many others. For those of you who are new to forex, the following guidelines cover the basics of currency trading.

also do you Know ForexGen Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.

3 Crucial Points to Get You on the Road to Huge Profits in Just 30 Minutes a Day!

2009-01-08T12:02:00.000-08:00

Forex Trading

It's a fact that most people learn Forex trading the wrong way and lose - a whopping 95%. If you want to avoid them and join the elite 5% of winners, you can but you must understand these 3 points for Forex trading success...

The three points came to mind when reading of a famous trading experiment where trading legend Richard Dennis set out to prove that anyone could learn to trade.

He took a group of ordinary people and in just 14 days taught them, then set them up with accounts and they went on to make hundreds of millions of dollars.

In the above experiment, 3 points stand out that any trader should make an essential part of their Forex education.

1. A Simple System is all You Need

The system was simple. It was based on breakout methodology, long term in nature and so simple, that anyone could learn it and learn it quickly.

It's a big myth that complex systems work better than simple ones they don't.

Why?

Simple systems have an edge in that they're more robust, with fewer elements to break in the brutal world of Forex trading.

2. The Ability to Ride out Drawdown

Every system will lose at times and this one would lose for many weeks on end, the system had strict money management rules to follow, to preserve equity which the traders had to follow.

So far you are thinking this all sounds to simple and so far it is - but having a sound, logical Forex method is only part of the equation for success. The next key point we are going to cover is the hard part of Forex trading.

3. You Must have Discipline to Win!

Many traders have heard the word discipline is important and it is - but they don't fully understand just how hard it is to follow a system, through long periods of losses, as the market takes your money and makes you look a fool - it's hard!

You don't just get discipline, its based on a sound Forex education and knowing why your system will win longer term. Only then, will you have the discipline to carry on through a period of losses, keep them small and carry on until you hit a home run and profits.

The Fatal Mistake Most Traders Make

Is to think they can follow someone else and trade with no drawdown and just clean up each month. They fall for the hype sold to them by vendors of sure fire trading systems and robots and of course lose.

The reality as you have just seen, is trading success comes from within and is based upon - a simple system, rigid money management and an ability to take losses, stay on track and keep them small.

Anyone can win at Forex trading but most don't and a key point to keep in mind is the market doesn't beat the trader - the trader beats himself. I hope this article inspires you, to learn the points enclosed and get on the road to Forex trading success.

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ForexGen Partnership

ForexGen offers three types of business partnerships.

* [Introducing Broker]
* [White Label]
* [Money Manager]

ForexGen Introducing Brokers ,White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a large income sharing plan.

[ForexGen] provides appropriate services satisfying the needs of all business partner's specified situation and requirements.

Currency Trading System - A Timeless Simple Way to Make Huge Gains

2009-01-08T11:45:00.000-08:00

Here we will show a simple method you can base your currency trading system on which will always work, is simple to understand and can make huge gains. Let's take a look at it in more detail...

The method we are going to look at is simply buying or selling new highs or lows on a currency chart.

If you take a look at any currency chart, you will see that all big trends start and continue from breakouts to new highs and lows and they last a long time, many last several weeks, months or even years.

Most traders hate breakout trading, because they are obsessed with buy lows or selling highs (even though that's impossible) and they think when a break comes, they have missed the move. They then want to enter on a pullback but the trends don't pull back and they miss the opportunity.

Its not about pinpoint market timing it's about the odds of the trade.Valid breakouts make huge profits so don't think about the little bit you missed, think of the huge amount that could be coming!

Breakout trading works and you can put a simple, robust, trading system together quickly. Let's look at how to do it.

Step 1 - Use Bar Charts

Just simple charts and look for areas of support or resistance that have been tested a few times and are considered important by the market. The minim number of tests is 2 but the more the better and generally, if there in time frames wide apart that's better too.

The really good breakouts only come around a few times a month so be patient, you want the big high odds trades.

Step 2 - Confirm the Break

Not all breakouts continue of course so you need to filter them and for this you need some momentum indicators to confirm that price momentum is accelerating. Two good ones to use are the stochastic and RSI. These indicators give confirmation of whether momentum supports the break or not.

There are other momentum indicators but the above two are a good place to start. Don't use too many one or two is enough.

Step 3 - Stops and money Management

Stops are easy behind the breakout point. The real key to making money is trailing the stop, don't move it too quickly! If you are trading big breakouts, you need to give the market room to breathe and accept dips in open equity. A moving average near a key trend line, is a good way of doing it. We like the 40 day MA, then look for strong level around this average.

Keep in mind you will always give bit back at the end of a trend but the big trends can last many weeks or months and if you get just 70% of these trends, you will make a lot of money.
Breakouts A Timeless Method for Profits
Sure breakout trading is simple but it works and its obvious why.

If you put together a simple system and apply it with discipline, you could soon be making triple digit gains and enjoying currency trading success.

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The Biggest Mistake Novice Traders Make Which Sees Them Get Wiped Out Quickly

2009-01-08T11:36:00.000-08:00

Forex Education

It's a fact 95% of Forex traders lose money trading and while anyone can learn to trade and make great profits, the novice trader makes a fatal mistake which is enclosed and should be part of any novice traders Forex education...

Forex trading is different in terms of the skills you need to make money in Forex to the skills you need in everyday life. Some explanation will make this clearer.

Let's look at the fatal mistakes novice traders make.

1. Consulting an Expert Will Bring You Success

Most people who claim to be experts are not. You have seen them, the $100 buck robots and sure fire courses, offering you an income with no effort and guess what? They all fail.

In normal life we are taught to consult an expert, to fix your car or a burst pip and they can give you a guaranteed result. This is not so in Forex, as your not dealing with certainties and mathematical formulas. In Forex you deal with the odds and your best off to get the right Forex education and do it on your own.
2. Hard Work will Give you a Reward

This is actually good news!

You can learn Forex trading in a few weeks and soon be making big profits but for this you work smart not hard. Avoid the myths, and making huge effort and expecting a result that may work in a 9 - 5 job but not Forex. Simply learn the right way and cut your work load. All you need is a simple system and the mindset to succeed which is covered in the next point.

3. Being Clever is an Advantage

A huge myth you would think the best group of traders had a background in mathematics or something else complex but the most successful group are actually ex poker players! Why?

Because they know that a simple plan, playing the odds is the way to win which leads me onto the next point. Simple systems work best and always have and that a fact, make a system to complicated and it will have too many elements to break.

4. Mindset is more important than Method

Yes it is! - Because you have to apply any method with discipline and even the best Forex trading system, will fail unless you do. Most traders cannot trade through periods of losses and keep them small, all systems have them and you must get through them.

You don't just get discipline though without effort, it's based on education and confidence in what you have learned. If you want to win, you need to stay on track through losing periods until you hit a home run.

If you can't trade your system with discipline you don't have a system! Trading discipline is the big variable between success and failure.

The Real Way to Make Big Gains and You Can Do It!

Forex trading success is open to all but many try and apply the wrong logic as we have seen and you will lose.

If you want to win all you need to do is get the right Forex education and have the discipline to apply what you have learned. It sounds simple and it is - but most traders simply won't do it. They don't get the right education and or they are simply lazy and want to follow others.

[ForexGen Demo Accounts Contest]

Win Cash Prizes

[ForexGen] has the pleasure to announce the launching of the Demo Account contest on the first of every month.

Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:

- Full name:
- Phone number

Also provide us with the following identification document:

" Certified copy of the information pages of account holder current valid passport or government issued photo ID"

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

The Forex Tips

2009-01-08T10:33:00.000-08:00

The forex tips below are all easy to do and all will help you achieve one aim increasing your overall profitability. So here are 5 forex tips for greater profits.

1. Use the Weekly Chart

I am amazed that most traders never bother looking at weekly charts but if you want to separate out “the wood from the trees” the weekly chart gives you a much clearer perspective.

The big trends are clearly visible on the weekly chart and if you are long term trend follower, start with this chart first and you will have a clearer view of support and resistance levels and entry points.

2. Cut Your Trading Frequency

This Forex tip addresses a major problem that most novice traders have – they trade too much.

They think they have to be in the market all the time and chase profits but the fact is, if you cut your trading frequency, you stand a better chance of success. Keep in mind; you only get paid for being right in forex trading - NOT for your effort and how often you trade!

By cutting your trading back, you can concentrate only on the high reward, high odds trades which give the best potential profits.I know traders who only trade a few times a year yet - they make between 120 – 430%! Annually.

Their simply trading the cream of the trades and ignoring the low odds, high risk ones and there are plenty of those.

If you cut your trading, you will probably see your profits soar.

3. Risk More Per Trade

This is directly related to the above point.

If you have a high odds trade take this tip and risk more.

You will read a lot of nonsense on the net about risking 2% per trade and no more.

Well, that’s fine if you are trading 100k but if you’re a small potato trader, trading 10k or less, that’s a maximum of $200!

If you have a small account you need to load up and risk 10 -20% on the high odds trades. Keep in mind if you don’t risk much you won’t make much!

To make meaningful gains you have to take risks – if you don’t like taking risks don’t trade forex.

4. Don’t Diversify

If you are trading a small account don’t diversify!

You need to load up as we have said above and concentrate on one trade only.

Diversification is simply another word for diluting profit potential and is something a small trader should not engage in.

5. Use an Account Profit Target

What s a realistic target to make per annum in forex trading?

You may have your own ideas - but if you made 100% that puts you up there with the best fund managers in the world.

You will often see people look at risk per trade but looking at your account overall and using a profit target is highly effective.

You will often see trades that give you big profits in short periods of time and if they are a substantial – i.e. more than 25% of your 100% bank them.

Have a break and start again.

If you hit your profit target for the year early - decide whether you should trade again at all or at the very least give yourself a deserved break.

The tips above are really saying:

Focus only on the best trades with the best odds, load them up and have a target -if you do the above, chances are you will make bigger profits.

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

Foreign Exchange Market is Different from the Stock Market

2009-01-07T11:43:00.000-08:00

What's the Difference between Foreign Exchange Market and the Stock Market

The buying and selling of currencies is known best all over the world as the Forex market or simply, the FX market. What this market facilitates is the exchange of currencies between to countries; currency trading is what drives the engine of Forex market. It’s been established way back in the 1970’s so that this market exists for more than thirty years now. The Forex market is not tied up on any single business or country, but rather the money making engine of this market lies in the buying and the selling of currencies.

The startling difference between the Forex market and the stock market is the sheer size; Forex market is way bigger than the stock market. In fact, the volume of transaction in Forex for a single day is amounting to two-trillion dollars tops. This amount dwarfs the volume of transaction happening in a day in the stock market of the wealthiest nation in the world. The agencies involved in Forex include governments, banks, financial institutions, and similar institutions from country to country.

The commodity traded in Forex – which is money – is very liquid; easily convertible into cash at any given time, which is the usual thing that’s happening. Investors have easy and quick access to obtain one currency and convert it into another in the Forex market.
Another disparity of Forex and stock markets is the place where trading happens; the Forex’ business arena is the world, not confined to any particular building or slaved of any particular stock market software. Also, the stock market is dependent on the products and services produced in a particular country while Forex includes all currencies in the world.

Given any country, their stock market only opens during working days and it follows a specified trading hour; usually the whole working hours of the day. But its Forex market on the other hand is open 24-hours a day since markets around the world open and close on different time zones. While there is people/institution that’s willing and able to sell you currency, you can trade in Forex. This is the life of Forex market; a 24-hour chance of buying and selling currencies.

Moreover, the stock market for particular country is also dependent on its own currency only; for example, if you want to trade stocks in the US stock market, you can only use US dollar to do so. But if you want to trade currency, the sky is the limit; you have the whole world as your market and thousands of currency as your product. This is perhaps the biggest difference between the Forex and the stock markets.

[Partnership With ForexGen]

Who And What Are The People and The Things Involved in Forex?

2009-01-07T11:16:00.000-08:00

The people or institutions involved in Forex are usually those that are involved in the cash business like the money changers and those that are involved in liquid assets such as the stocks. This market is large; it covers the whole world basically. The stock market pales in comparison to the Forex market in terms of size. The trading in Forex can occur 24 hours a day and it may even go over the weekend.

Today, the number of individuals involved in Forex is staggering. And this industry reported an average of two-trillion dollars worth of trade everyday in 2004. This number is huge when you consider that it’s valued in dollars and the amount of transactions that has taken place. Just imagine that a trillion-dollar is thousands of millions of dollars already, how much more is a two-trillion.

The Forex market has been around for over thirty years now; so this money making scheme is not new to most people. With the advent of telephones, computers, and the Internet, the awareness about this kind of trading grew even more so that more people are participating in this industry. But even then, the contribution of Forex to the trading that’s happening between two nations only amounts to an average of 10 percent. But with the growing number of interest in this industry, it’ll not be long for this average to go up.

[Why ForexGen]

1. Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. [ForexGen] offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.

What Is The Difference Between The Stock Market and The Forex Market?

2009-01-07T10:59:00.000-08:00

Forex market involves transaction between two countries, which takes place everyday worldwide. The elements of Forex include two countries and two currencies and the investor that drives the transaction forward.

But trading stocks on the other hand can be done within your own country; buying and selling stocks that are produced in your own country with your own currency. Banks are the usual brokers of Forex while the only broker for stocks can be found in the stock market.

[ForexGen Live Account]

The live/real account is provided to those clients who may have some experience in the online trading.

[Opening an Account Online]

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

FOREX, Trading Foreign Currency

2009-01-07T10:45:00.000-08:00

Forex: Buying and Selling Foreign Currency

The backbone of Forex is the buying and selling of foreign currencies and other financial instruments such as stocks and many more. Each currency has an equivalent value in terms of anther currency; this value is determined based on how one country’s economy is doing compared to the other.

This difference in currency value is what is taken into consideration when trading currencies. Most countries also have ways to control the ups and downs of their currency in terms of another. The institutions that are involved in Forex include banks, larger businesses, governments, and financial institutions.

[ForexGen Services]

Client Services

Customer Support
Trading Support

Investing Money in the Forex Market

2009-01-07T10:34:00.000-08:00

If you are someone who’s really looking into the prospects of trading your money in the Forex market, you have to consider that you could incur loses if you take the plunge before knowing what is really involved in trading currencies. Take some time to educate yourself first. There are many only Forex trading games that don’t need to involve real money to learn the basics of trading. What you are going to be facing in the actual trading are the exchange of currencies from one country’s currency to another. These currencies are slightly valued more of less – although there are some that the disparity is huge – than the other. Governments, banks, small brokers, and big time financial institutions use Forex as a means to accumulate, too.

In order for you to start learning, find yourself software that will allow you to trade make-believed money. The software companies offering these programs to you will ask you some personal information (only those that you can give in public) and your particular interest in the market before you can install the system on your computer. The game will allow you to feel what it’s like to gain and lose money as you trade currency with your make-believed sum. You will use real time exchange rate and real time data so that your learning about how the markets behave and how different currencies move in the market is at maximum.

Your game account will also allow you to view the latest Forex news about how the different economies are doing. You can see in real time how your profit grows – or false – following the actual trading that’s happening in the real market. You’ll only need to play few times a week, or as often as you want and then you’ll be prepared to do the actual trading with real money. It’s also advisable to ask advice from real brokers and financial companies while you play the game because you need to do this, too, when you’re doing the actual trading. You also need to gather about the latest on different markets around the world and how their currencies are doing before you make your judgment.

If you’re ready to do the actual trade, be sure that you consult only reputable brokers and financial institutions to entrust your money onto. Be careful also with the rise of online companies offering to broker your currency trading needs. Most of these fly-by-night online brokers are just exploiting the clamor of the people to have easy access on currency trading but what they’re really after is to steal your money from you. Bear in mind that only legitimate brokers and financial institutions can bring you the gain you are wanting for in Forex, and these people and institutions are jus around in your country. You must also understand that there are laws and regulations that govern currency trading. For instance, the United States has one of the most well-defined guidelines in trading; perhaps the most advanced in the world.

[ForexGen Promotions]

Miscellaneous

2009-01-06T10:11:00.000-08:00

It's a good idea to talk to other forex traders in an effort to find out who are the better forex brokers out there. As in any industry or business, there are some dodgy ones. Forex brokers are no exception.

There are many forums on the internet these days that are dedicated to discussing all areas of forex trading, including the discussion of forex brokers. These are great resources you can use allowing you to find some valuable information that could just save you being ripped off by some unscrupulous forex broker.

[ForexGen Demo Accounts Contest]

Win Cash Prizes

[ForexGen] has the pleasure to announce the launching of the Demo Account contest on the first of every month.

Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:

- Full name:
- Phone number

Also provide us with the following identification document:

" Certified copy of the information pages of account holder current valid passport or government issued photo ID"

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

Customer Support

2009-01-06T10:08:00.000-08:00

Forex is a 24-hour market; therefore 24-hour support is essential. Can you contact the firm by phone, email, chat, etc? Do the customer support representatives seem to know what their on about? The quality of customer support can vary considerably from broker to broker, so be sure to check it out before opening an account.

One thing you could do is contact a number of forex brokers to get a feel of how quickly they can respond to enquiries. If they don't respond quickly, and with a reasonable answer don't give them your business.

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

A Wide Range of Leverage Options

2009-01-06T09:51:00.000-08:00

Leverage is needed to trade currencies due to the fact that price movements are only fractions of a cent. In general, leverage is expressed as a ratio between the amount of capital you provide to the amount a forex broker will lend you.

For example, take the example of the ratio of 200:1. What this means is that the forex broker will lend you 200 times the amount of money you provide. Just keep in mind the more leverage you use, the more risk there is in getting a margin call, however you also have the potential for larger profits and vice-versa.

In general, when starting out with a small amount of capital; make sure that the forex broker you are using offers a wide range of leverage options. This will give you more control over the risk exposure you should be prepared to take.

[Partnership With ForexGen]

Quality Registered Institution

2009-01-06T09:41:00.001-08:00

In the United States, forex brokers should be registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) http://www.cftc.gov. They should also be a member of the National Futures Association.

You can verify the brokers CFTC registration and NFA membership status at http://www.nfa.futures.org/basicnet/. If the broker is not backed up by a reliable institution, don't bother with them it's not worth the risk.

[Why ForexGen]

1. Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. [ForexGen] offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.

Low Spreads

2009-01-06T09:27:00.000-08:00

The spread is the main way forex brokers generate their profits. The spread is the difference between the price at which you can buy a currency, and the price at which it can be sold at any particular point in time.

When looking for a broker, keep an eye out on their spread costs. The less the spread, the more money you will save and the faster you will be making a profit in a trade.

[ForexGen Live Account]

The live/real account is provided to those clients who may have some experience in the online trading.

[Opening an Account Online]

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

Perfect Technical Analysis Creates Opportunities and Wealth

2009-01-05T13:04:00.001-08:00

Technical analysis has been around for as long as there have been organized exchanges, but the futures trading communities didn`t accept technical analysis as a viable tool for making money until the late `70s and early `80s. Now nearly every futures trader uses some form of technical analysis. Here`s what the early technical analysts knew that it took the mainstream market community generations to catch on to.

A finite number of futures traders participate in the markets on any given day, week, or month. Many of these futures traders do the same kinds of things over and over in their attempt to make money. These individuals develop behavior patterns, and a group of individuals, interacting with one another on a consistent basis, form collective behavior patterns. These behavior patterns are observable and quantifiable, and they repeat themselves with statistical reliability. Technical analysis is a method that organizes this collective behavior into identifiable patterns. The patterns can give indications of when there is a greater chance of the market moving in one direction or another. In a sense, technical analysis allows you to get into the mind of the market, and anticipate what`s likely to happen next, based on the kind of patterns the market generated in the past.

As a method for projecting future price movement, technical analysis has turned out to be far superior to a purely fundamental approach. It keeps the futures trader focused on what the market is doing now in relation to what it has done in the past. This is instead of focusing on what the market should be doing based solely on what is logical and reasonable as determined by a mathematical model, as would be done in fundamental analysis.

[ForexGen Services]

Client Services

Customer Support
Trading Support

Forex Technical Analysis - Basics you Need to Know

2009-01-05T12:58:00.000-08:00

Forex technical analysis is the most effective and most time efficient way to make money in forex and studying forex charts can lead you to success but you need to know some basics avoid common forex myths and do it correctly and that's what this article is all about.

Let's look at some key points to consider when getting your forex trading strategy together and suing forex technical analysis.

History Repeats Itself
Human psychology is constant and forex chart patterns repeat themselves over time but you need to understand one key point - they don't do so with scientific accuracy.

There is a huge market for courses who say they can but they can't - so don't fall for this myth. Forex trading is a game of odds not certainties.

If you can learn to trade the odds, you can have more winners than losers, execute your trading system at the right time and enjoy currency trading success.

Forex charts also make studying the news irrelevant.

Many traders simply believe newswires and brokers and the arguments and opinions are convincing but that's all they are - opinions and there more often than not wrong.

Trading the Reality

While the fundamentals are important, it's very hard to judge their impact and how the participants view them. Forex technical analysis simply assumes that all fundamentals will show up quickly in price action.

The forex chartist therefore doesn't concern himself with why prices are moving - he simply trades the reality of price change and wants to make profits by locking into and holding trends when they occur.

[ForexGen Promotions]

Need To Know About Technical Analysis Of Equities

2009-01-05T12:51:00.000-08:00

The foundations to technical analysis can be found in the understanding that stock price movements are predictable. All the factors affecting the value of a stock are reflected in the stock market with the greatest efficiency that can be found in any type of market. Movements in the stock value follow predictable historical trends, coupled with the efficiency of the market make it possible to predict the direction the stock is going to go.

Technical analysis is a very short term method of investing because the potential long term growth of a company is not taken into account through this method. Trades are timed to exactly reflect the upward and downward trends in the market so nothing is left to chance. Because buying and selling go through at specific times, losses can be minimized if the market does not move in the predicted manner.

Many methods of predicting the movement of the market have been developed for use in technical analysis. These methods for the most part are based on the 'support' and 'resistance' concept. How this works is that, support is the level by which a downward price is predicted to increase by and resistance is the level by which an upward price is expected reach before coming down again. To put this in clearer terms prices tend to fluctuate between a support and resistance levels.

Market movements are predicted for a large part through the use of charts (mostly bar charts). The horizontal axis represent time be it a minute, hour, day or week, while the vertical axis represents the price of the stock. By looking at the chart a trend for the stock value can be traced.

A trained analyst studies the chart and can see certain patterns in the chart that they can then use to predict for future movements in the price of stocks. As is the case with most things there is no one single pattern that fits all. There are hundreds of different types of movements, indicators and patterns that can be used. By combining a number of different indicators technical analysis can make it possible for an investor to become very successful on the stock market.

[ForexGen Demo Accounts Contest]

Win Cash Prizes

[ForexGen] has the pleasure to announce the launching of the Demo Account contest on the first of every month.

Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:

- Full name:
- Phone number

Also provide us with the following identification document:

" Certified copy of the information pages of account holder current valid passport or government issued photo ID"

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

Explaining The Term Technical Analysis

2009-01-05T12:41:00.000-08:00

The study of a security's price action for the purpose of forecasting profitable price trends and movement is known as Technical Analysis. The price action is defined as movement in a security's price, volume, and open interest.

Technical Analysis is primarily, maybe not exclusively, conducted by studying charts of the recent past price action. Many different methods and tools are new in Technical Analysis, but they all rely on the superlative assumption that price patterns and trends exist in markets, and thus, that they can be identified and exploited too.

Technical Analysis does not try to analyze the financial data of a company, can say the cash flow, dividends and projection of future dividends, an area of analysis which is also known as the fundamental analysis. However, some speculators try to combine Technical Analysis as the elements from both technical and fundamental analysis.

Like any predictive method, Technical Analysis is not 100% accurate, but it surely attempts to give the presumable outcome. Some forms of Technical Analysis, like charting, are viewed by many of its practitioners as more art than science.

Some scholastic studies conclude that Technical Analysis has little predictive power while other studies show that the practice can produce excess returns too. For an instance, measurable forms of Technical Analysis non-linear prediction using neural networks have been shown to occasionally produce statistically significant prediction results.

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

The Technical Analysis Approach to Stock Analysis

2009-01-05T10:36:00.000-08:00

There are lots of things that you can get when you utilize stock resource sites like Featured Profiles. You will get different methods for stock analysis. One of which is technical analysis, which for some is a useful tool for stock behavior. The technical analysis uses charts that determine the trending of stock price in a given period. It also shows the level of the high and low movement of the stocks. Although technical analysis is only one tool in stock analysis, investors find it relevant to have technical analysis approach to stock analysis. And this is present at Featured Profiles when they provide traders and investors with the featured company or stock picks. Aside from the technical analysis, the site also provides other approaches that are even more popular and important such as fundamental analysis and quantitative analysis.

On top of the stock analysis methods present on the featured company in the site, you will also see other important details about anything for stock trading.

This includes:
Stock Hubs. This is about the stock trading details of a particular featured company. Here you will see stock notes on the present stock pick provided by the site. This can be your guide in trading if ever you decide to invest in stocks.

Stock Pick. In the Featured Profiles, there is no single or few stock picks only. There are several stock picks from different dates. The picks do not necessarily have stock analysis because there are plenty of them. Instead you will only see the profile of the company and its stock price from a particular date. The profiles include the company size, financial data, the company financial activities, and goals. If you are an investor and you have an eye for fundamental and quantitative analysis instead of technical analysis, the data in this Stock Pick would surely be helpful for you.
Stock Updates. Whatever happens in the previous trading day will be placed in the technical analysis in the Featured Profiles. It only however updates the stock picks present in the site.

Alert. If you want to receive a regular newsletter from Featured Profiles, you can request for it. The administrators will email it to you accordingly. This will happen once you decide to join in the newsletter. This will surely help if you are serious about stock trading or investing.

[Partnership With ForexGen]

Foreign Currency Trading

2009-01-04T11:18:00.000-08:00

Managers, pp. 291-299, which can be accessed through the House Agriculture Committee’s Farm Bill Homepage. Interested parties should monitor the Commission’s website as well as the National Futures Association’s website, for developments.

The CFTC has witnessed increasing numbers, and a growing complexity, of financial investment opportunities in recent years, including a sharp rise in foreign currency (forex) trading scams.
The Commodity Futures Modernization Act of 2000 (CFMA) made clear that the CFTC has jurisdiction and authority to investigate and take legal action to close down a wide assortment of unregulated firms offering or selling foreign currency futures and options contracts to the general public. The CFTC also has jurisdiction to investigate and prosecute foreign currency fraud occuring in its registered firms and their affiliates. The CFTC issued an advisory in 2001 that discussed these CFMA amendments to the Commodity Exchange Act (CEA), 7 USC 1, et seq.

The Division of Trading and Markets (now Division of Clearing and Intermediary Oversight, or DCIO) issued an advisory in 2002 concerning foreign currency trading by retail customers (PDF). The advisory affirms that off-exchange trading of foreign currency futures and options contracts with retail customers by a counterparty that is not a regulated financial entity as set forth in the CFMA is unlawful. The advisory further states that, if there is a lawful counterparty to the transaction, such as a person registered as a futures commission merchant, the persons acting as intermediaries to such a transaction, that is, in the manner of an introducing broker, commodity trading advisor or commodity pool operator, would not need to register under the CEA if that is their only involvement in futures or option transactions.

DCIO issued an additional advisory in 2007 concerning foreign currency trading by retail customers (PDF). The DCIO Advisory addresses the following issues: (1) registration requirements for associated persons of firms registered as introducing brokers (IBs), commodity trading advisors, and commodity pool operators that are involved in forex transactions; (2) the permissibility of certain unregistered affiliates of a futures commission merchant to act as proper counterparties in forex transactions; (3) claims that forex customer funds are segregated; (4) introducing entities acting as fx(5) the applicability of the IB guarantee agreement to forex transactions and prohibiting guaranteed IBs from introducing forex transactions to an Fxthat is not its guarantor Fx; (6) prohibiting forex account statements of an Fx unregistered affiliate from being included in the account statements to its customers; and (7) prohibiting retail customers from acting as counterparties to each other in forex transactions.

[Why ForexGen]

1. Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. [ForexGen] offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.

Fundamental Traders

2009-01-04T11:14:00.000-08:00

Fundamental traders analyze key economic data, including news and government reports, to evaluate trading opportunities. They believe that currency exchange rates are affected primarily by economic and political conditions, and occasionally by central banks intervening in the currency markets in an attempt to influence the value of their currencies.

Some of the key figures tracked by fundamental traders include interest rates, inflation, trade balance, GDP (Gross Domestic Product), CPI (Consumer Price Index), PPI (Producer Price Index), capacity utilization, factory orders, durable goods orders, inventories, and employment statistics. They are also constantly evaluating the potential impact of military conflicts, natural disasters, and changes in political leadership.

Another factor that often influences trading decisions is market sentiment. Traders often read news, analyst reports, and Web site bulletin boards to get a sense of the general market sentiment and then trade either with or against that sentiment.

[ForexGen Live Account]

The live/real account is provided to those clients who may have some experience in the online trading.

[Opening an Account Online]

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

Benefits of Currency Trading vs. Equity Trading

2009-01-04T11:06:00.000-08:00

High liquidity and greater efficiency
Key to any efficient market is high liquidity. After all, as a trader, you want to know that you have an active market with plenty of buyers and sellers looking to participate. Trading volumes in the currency market can be one hundred times larger than that of the New York Stock Exchange, and daily dollar amounts traded in foreign currency approaches $3 trillion compared to less than $100 billion for the NYSE. High volumes and “round-the-clock” trading ensures an active market for currency traders and greater liquidity.

The incredible volumes traded in the FX market also contribute to the integrity of the market—it is virtually impossible for an individual or group to manipulate prices. Compare this to the equity markets, where large price movements can be triggered with no warning should a major holder of a stock suddenly decide to reduce their holdings.

Intra-day volatility
FX trading is centered around a handful of currency pairs referred to colloquially as the big seven. The high volume and liquidity combined with fewer active instruments generates greater intra-day volatility than the equity markets where hundreds of stocks are actively traded. It is this volatility that can be profitability exploited by forex traders.

Low spreads
Currency trading offers spreads that are much lower than what can be obtained when buying or selling equities, especially during after-hours trading. Although exceptionally tight currency spreads were previously reserved for transactions involving $1 million or more, a shift towards tighter spreads for smaller transactions is gaining traction. Again, OANDA's FXTrade is an industry leader in offering tight spreads regardless of the size of the trade.

Margin-based leverage
Leverage—or margin based trading—makes it possible for FX market participants to submit trades valued considerably higher than the deposits in their trading accounts. Typically, margin ratios for trading currencies are higher than those permitted for equities, and this is primarily attributable to the higher level of liquidity within the currency markets.
To illustrate the power of leverage provided through the use of margin, consider a margin ratio of 20:1 coupled with a trading account containing $10,000. This means that you could trade amounts up to $200,000! Trading in larger volumes allows you to take better advantage of even small price movements (but can also dramatically increases your risk). Read about OANDA's margin policy.

Profit potential regardless of market direction
By definition, an investor with an open forex position is long one currency and short another. If you determine that a currency is about to fall in value, then you can sell that currency short and go long with another currency. No matter whether you buy or sell a currency pair, however, every trade you make involves the buying of one currency and the selling of another. Therefore, potential exists in the FX market regardless of whether the market is moving up or down.

Short-selling is much less common in the equity markets and there are many rules and regulations that you must abide by when shorting stock. This can make it difficult for you to take advantage of a declining share price or market trend. These same restrictions do not apply to the FX market, thereby allowing you to gain no matter which direction the market heads.

No commissions or transaction costs
A currency transaction typically incurs no commission or transaction fee outside of the quoted spread. This is in stark contrast to the equity market, where commissions for stock trades can range anywhere from $8 to $70 per trade, in addition to the quoted spread.

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Triennial Central Bank Survey of Foreign Exchange

2009-01-04T11:00:00.000-08:00

Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in 2007 – Final Results

In April 2007, central banks and monetary authorities from 54 countries and jurisdictions collected data on turnover in traditional foreign exchange markets (those for spot, outright forwards and swaps) and in the OTC currency and interest rate derivatives markets. Preliminary results on daily turnover were published in September 2007, and an analysis of the results for the traditional foreign exchange markets was included in the December 2007 issue of the BIS Quarterly Review.

The 2007 survey also covered data on amounts outstanding and gross market values of OTC foreign exchange, interest rate, equity, commodity and credit derivatives (including credit default swaps) at the end of June 2007 whose preliminary results were released in November 2007. The full report on the Triennial Central Bank Survey was published by the BIS in December 2007.

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Credit Market - What's Going on Basically?

2009-01-04T10:46:00.000-08:00

After a boost of top economic event risk, the USD has come through this past week with a more promising outlook for growth as well as diminished potential for a Fed rate hike this year. After the policy board announced its intentions to hold the benchmark lending rate at 2.00 percent and offered rhetoric that was more or less in line with the group’s middle-of-the-road commentary from previous months’ statements, the probability that the central bank would raise rates by the end of the year dropped from 71.6 percent to 59.9 percent. However, with evidence that the financial and credit markets are stabilizing, economic activity is turning up from the worst and upstream inflation is cooling, the Fed may be emboldened to tighten well before the consensus and continue to raise rates to a level well beyond the 75bp over the next 12 months overnight interest rate swaps are currently pricing in.

There is no change as [ForexGen.com] consider it as for USD being stronger, never the less and even though the EUR went up by a few pips today we still think it might get bullish especially against the EUR and AUD which are the clearest patterns in the technical analysis by fibo graphs.
As mentioned yesterday in an article published, the initial EURUSD target is not before 1.5230. The initial AUDUSD objective is at 0.9152.

[ForexGen Demo Accounts Contest]

Win Cash Prizes

[ForexGen] has the pleasure to announce the launching of the Demo Account contest on the first of every month.

Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:

- Full name:
- Phone number

Also provide us with the following identification document:

" Certified copy of the information pages of account holder current valid passport or government issued photo ID"

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

Why Spreads?

2009-01-01T14:14:00.000-08:00

The rationale behind spread trading is one of the best-kept secrets of the insiders of the futures markets. While spreading is commonly done by the market "insiders," much effort is made to conceal this technique and all of its benefits from "outsiders," you and me. After all, why would the insiders want to give away their edge? By keeping us from knowing about spreading, they retain a distinct advantage.

Spreading is one of the most conservative forms of trading. It is much safer than the trading of outright (naked) futures contracts. Let’s take a quick look at some of the benefits of using spreads:
• Intramarket, and some Intermarket, spreads require considerably less margin, typically around 25% - 75% of the margin needed for outright futures positions.
• Intramarket, and some Intermarket, spreads offer a far greater return on investment than is possible with outright futures positions. Why? Because you are posting less margin for the same amount of possible return.
• Spreads, in general, trend more often than do outright futures.
• Spreads often trend when outright futures are flat.
• Spreads can be filtered by virtue of seasonality, backwardation, and carrying charge differentials, in addition to any other filters you might be using in your trading.
• Spreads can be used to create partial futures positions. In fact, virtually anything that can be done with options on futures can be accomplished via spread trading.
• Spreads allow you to take less risk than is available with outright futures positions. The amount of risk between two Intramarket futures positions is usually less than the risk in an outright futures position. The risk between owning the underlying and holding a futures contract involves the least risk of all. Spreads make it possible to hedge any position you might have in the market. Whether you are hedging between physical ownership and futures, or between two futures positions, the risk is lower than that of outright futures. In that sense, every spread is a hedge.
• Spread order entry enables you to enter or exit a trade using an actual spread order, or by independently entering each side of the spread (legging in/out).
• Spreads are one of the few ways to obtain decent fills by legging in/out during the market Closing.
• Live data is not needed for spread trading, saving you $ in exchange fees.
• You will not be the victim of stop running when using Intramarket spreads

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

Four Advantages of Futures Spread Trading

2009-01-01T14:07:00.000-08:00

Advantage 1: Easy to trade
Do you see how nicely this spread starts trending in mid February? Whether you are a beginner or an experienced trader, whether you use chart formations or indicators, the existence of a trend is obvious. (If you are looking for a concept of how to identify a trend. Spreads tend to trend much more dramatically than outright futures contracts. They trend without the interference and noise caused by computerized trading, scalpers, and market movers.

Advantage 2: Low Margin requirements
Many spreads have reduced margin requirements, which means that you can afford to put on more positions. While the margin on an outright futures position in corn is $540, a spread trade in corn requires only $135 — 25% as much. That’s a great advantage for traders with a small account. With a $10,000 trading account risking 8% of your account, you can enter 6 corn spreads, instead of only 1-2 outright corn futures trade. How’s that for leverage?

Advantage 3: Higher return on margin
Each point in the spread carries the same value ($50) as each point in the outright futures ($50). That means that on a 3 point favorable move in corn futures or a 3 point favorable move in the spread, you would earn $150. However, the difference in return on margin is extraordinary:
Corn futures - $150/$540 = 27.8% return
Corn spread - $150/$135 = 111% return
And keep in mind that you can trade 6 times as many spread contracts as you can outright futures contracts. In our example you would achieve a 24 times higher return on you margin.

Advantage 4: Low time requirements
You don’t have to watch a spread all day long. You do not need real-time data. The most effective way to trade spreads is using end-of-day data. Therefore, spread trading is the best way to trade if you do not want to watch or cannot watch your computer all day long (i.e. because you have a daytime job). And you can save all the money you would have had to spend for real-time data systems (up to $600 per month).

So where is the catch?
If futures spread trading is so fantastic, why does it seems that hardly anybody trades spreads? Well, it is not true that hardly anybody trades spreads: the professional traders do, every day. But either by accident or design, the whole truth of spread trading has been hidden from the public over the years.

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Learning To Day Trading - The Learning Progression

2009-01-01T14:02:00.000-08:00

Beginning to day trade, or learning to day trade, as an indicator trader is very typical. This is also logical when you consider - HOW are you supposed to initially learn how to trade? Trading indicators are available to anyone who has a charting program, and simply using line crosses, or histogram color changes, provide ’easy’ signals to understand. If you will also take the time to learn the arithmetic behind your indicators, as well as learning what each indicator is specifically intended to do, not only is this a logical way to begin, it is also a good ’step’ in your learning progression - understanding the WHAT you are doing, instead of attempting to create ’canned’ indicator only trading systems, without any regard as to WHY you are trading this way.

This does become one of the ’sticking’ points in your learning progression, as you come to find out that you are unable to profitably trade indicators as signals only - now what? Now what - you ’can’t’ develop your own indicators, so you start doing google searches for day trading indicators and start buying your ’collection’ - they don’t ’work’ either. Now what - you buy a mechanical trading system - what does hypothetical results may not be indicative of real trading or future results mean? Now what - you start subscribing to signal services OR you start joining the ’latest and greatest’ chat room - am I really the only person using the signals who isn’t profitable?
Now what - you never learn how to trade.

I began trading as an indicator trader, and I did try to learn everything that I could about the various indicators, as well as trying to combine indicators that were consistent with how I wanted to trade - I just could never develop a mechanical day trading system from what was available to me. I read a couple more books that didn’t really help me, so I then started looking for someone who could teach me. From what I now know about gurus -vs- teachers, I am very lucky that I got involved with a money manager-trader who taught me a tremendous amount, but I still couldn’t get profitable, in part because there was also ’pressure’ to learn how to trade using real money. As well, any discussions or thoughts about trading psychology and the issues involved, especially to beginning traders, was non-existent.

[Why ForexGen]

1. Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. [ForexGen] offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.

Day Trading Indicators and Indicator Trading

2009-01-01T13:57:00.000-08:00

Did you start day trading after buying a book on technical analysis, and getting a charting program - probably a free one that you found online - in order to save money? While reading your book you learned about trading indicators which could ’predict’ price movement, and what do you know, the ’best’ indicators were actually included in your free charting program - let the games begin.
Now that you have all the day trading tools that are necessary, the book for education AND the free charting program with those ’best’ day trading indicators, you now need a day trading plan so you can decide which ones of those ’magic’ day trading indicators you are supposed to use. This really is a great book, besides telling you how to day trade using indicators to ’predict’ price - it also said that you need a trading plan to day trade.

So what should this plan be? The book told you about trend following using an indicator called macd, and it also told you how it was possible to pick the top or bottoms using an indicator called stochastic; my guess is that you picked the stochastic indicator to start your day trading - this must be the ’best of the best’ since this indicator was going to ensure you of entering your trades with the ’best’ price. Amazing, simply amazing how easy this day trading stuff really is. In fact, why even bother taking the trades, each time your indicators give a signal - just call up your broker and tell him to stick $100 in your account.

My book was Technical Analysis of the Futures Markets. My charting program was TradeStation with an eSignal fm receiver; that was the one that if you hung the antennae wires just right, and you put enough foil on the tips, you might even get quotes. I had sold a business before I started trading so I did have some capital - isn’t that how everyone gets into trading, you either sell a business or you lose your job? My indicator was the macd as I had decided that I was going to be a ’trend follower’ instead of a ’top-bottom picker’. I also decided that I was going to be ’extra’ clever, if one indicator was good than two indicators must be better, so I added a 20 period moving average.

[ForexGen Live Account]

The live/real account is provided to those clients who may have some experience in the online trading.

[Opening an Account Online]

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

Money Management Tips For Trading On The Forex

2008-12-30T16:30:00.000-08:00

What is Money Management: describes strategies or methods a player uses to avoid losing their bankroll.

Money management in the foreign exchange currency market requires educating yourself in a variety of financial areas. First, a definition of the foreign exchange currency or forex market is called for. The forex market is simply the exchange of the currency of one country for the currency of another. The relative values of various currencies in the world change on a regular basis. Factors such as the stability of the economy of a country, the gross national product, the gross domestic product, inflation, interest rates, and such obvious factors as domestic security and foreign relations come into play. For instance, if a country has an unstable government, is expecting a military takeover, or is about to become involved in a war, then the country’s currency may go down in relative value compared to the currency of other countries.

The Forex, or foreign currency exchange, is all about money. Money from all over the world is bought, sold and traded. On the Forex, anyone can buy and sell currency and with possibly come out ahead in the end. When dealing with the foreign currency exchange, it is possible to buy the currency of one country, sell it and make a profit. For example, a broker might buy a Japanese yen when the yen to dollar ratio increases, then sell the yens and buy back American dollars for a profit.

There are five major forex exchange markets in the world, New York, London, Frankfurt, Paris, Tokyo and Zurich. Forex trading occurs around the clock in various markets, Asian, European, and American. With different time zones, when Asian trading stops, European trading opens, and conversely when European trading stops, American trading opens, and when American trading stops, then it is time for Asian trading to begin again.

Most of the trading in the world occurs in the forex markets; smaller markets for trade in individual countries. Simply put forex trading is the simultaneous buying of one currency and selling of another. Over $1.4 trillion dollars, US of forex trading occurs daily and sometimes fortunes are made or lost in this market. The billionaire George Soros has made most of his money in forex trading. Successfully managing your money in forex trading requires an understanding of the bid/ask spread.

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The Difference Between a New Currency Trader And a Professional Trader

2008-12-30T16:24:00.000-08:00

We see many new traders pull up a 15-minute chart and see that the RSI is below 30 and starting to move up and they interpret that as a buy. So they buy the currency pair, but the market moves against them by 20 pips. The market then moves up to where they have a 10 pip profit and they lock in before that winner turns into a loser. Nobody ever lost money by taking profits right? After three winners in a row the trader is up by 30 pips and feeling good about their new career as a trader.

That is until the fourth trade when the market moves down 20 pips, then another 20 pips, then as the market moves down another 10 pips, the trader finally exits with a loss of 50 pips. So after four trades, the new trader has won three for a total profit of 30 pips and lost one trade of 50 pips for a total loss of 20 pips. Many new traders win 75% of their trades only to lose money doing it. This is not what we have in mind.

On the other hand, a professional trader may identify a trade in the direction of the trend as seen on the daily chart and then move down to the hourly chart to pinpoint their entry and exit. The first thing they do after having identified their entry is to identify the price where they will place their initial protective stop in order to limit their losses. Since they know how many pips they are willing to risk on the trade, they also know how many lots they can open to keep the total risk on the trade to 5% of their account balance.

They also know that in order to be profitable in the long run they have to make more when they are right than they lose when they are wrong, typically twice as much. They may only win half of their trades, but also may average 50 pips on the losers and average 100 pips on winners. So after four trades, they lose two for a total of 100 pips and win two trades for a total of 200 pips for a total gain of 100 pips. That’s good trading.

This money management strategy is called a 1:2 risk:reward ratio and is what we in the Power Course recommend to new traders. For every pip you are willing to risk, you should look for at least two pips in profit. How can we do that without having to watch the market constantly? The FX Trading Station has the tools for us. The example below is what the entry order system looks like when entering a market order.

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While Placing Stops what can we take into consideration

2008-12-30T16:18:00.000-08:00

Stop placement is where we separate the kids from the adults.

Stop placement is the sole responsibility of you as the manager of your trading business. It is one buck that you cannot pass.

You are the end of the line when it comes to placing stops.

Let me show you why you, and only you, can decide where to place the stop.

There are several considerations:

The size of your margin account has the greatest effect on stop placement. When you look at a trade and see where the stop should go, or where you would like it to go, you then have to look at the size of your margin account and determine whether or not you can even consider the trade.

Your comfort level. Although you may have sufficient margin to place the stop where you would like to, and although the stop is logical for the trade, you may not feel comfortable with the stop being so far away (or even so close), and so you will decide not to take the trade with the stop far away, or move the stop back if it appears too close.

Volatility. You must take into account market volatility when placing your protective stop. If a market that normally ticks two ticks at a time suddenly begins to tick five ticks at a time, you must certainly take the level of volatility into consideration. You may find out that you have to place your stop too far away for the size of your bank or your comfort level.

When you use mental stops, there are two other considerations which you must ponder when placing your protective stop. They are: Your speed in placing the order, and the speed at which your broker can place the order. Let's look at each.

The speed at which you can place the order. This depends upon how fast you think on your feet. There are three factors here: Perception, decision, and action. How long does it take you to perceive that NOW is the time to pick up the phone and place your stop in the market if you are calling the broker? Or, NOW is the time to enter your stop via your electronic trading platform?

Then, once you make the perception, how long does it take you to decide to do something about what you have perceived? Are you quick to decide upon your perceptions? Finally, are you quick to act once you have made a decision?

[ForexGen Demo Accounts Contest]

Win Cash Prizes

[ForexGen] has the pleasure to announce the launching of the Demo Account contest on the first of every month.

Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:

- Full name:
- Phone number

Also provide us with the following identification document:

" Certified copy of the information pages of account holder current valid passport or government issued photo ID"

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

The Doubling Down Forex Trading Strategy

2008-12-30T16:15:00.000-08:00

This article is to discuss using mathematical probabilities to your advantage in a successful forex trading system. I'll try to make it simple to explain.

If you have a trading system that utilizes a 100 pip target (TP) and 100 pip stop loss (SL), it should have a 50/50 chance of winning if trades are entered at random over time. It'd be like flipping a coin. The TP and SL would have to be adjusted since you are closer to the SL as soon as you enter a trade. But let's keep it simple theory for now.

If we enter a trade that is equidistant from the SL and TP then there should be a 50% chance of being correct. I will then assume that by actually looking at the general trend or market activities of a currency that we can give us a system that is more than 50% successful or at least 50% successful if my first assumption was incorrect.

The probabilities haven't come into play yet though. I'm asking now what are the chances of a 50% correct currency trading system having consecutive losers?

If I remember correctly from college we have a 50/50 chance on each trade to be right and wrong when we view them as independent events.

When we try to find the probability of having 5 losing trades in a row, however, the chance of that happening is then:

.5 X .5 X .5 X .5 X .5 = .03125 or 3.125%.

Doesn't happen too often, although still very possible.

If our trading system is successful 60% of the time due to our simple chart reading predictions then the chance of having 5 losers would be 40%^5th power.

.4 X .4 X .4 X .4 X .4 = .010124 or 1.0124%.

Still possible, although with some discretion we've effectively lowered the risk of losing 5 times in a row by a factor of 3.

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

Euro Rises Against US Dollar, Testing Key Resistance

2008-12-29T09:52:00.000-08:00

The Euro pushed higher against the US Dollar overnight, testing as high as 1.4170 and set to challenge critical, multi-year support/resistance levels. The British Pound diverged from the single currency, losing its grip on the 1.47 mark. Switzerland’s KOF Leading Indicator and UK Housing Equity figures are on tap in European hours.

Key Overnight Developments

• Euro, British Pound Diverge Against the US Dollar

Critical Levels

The Euro pushed higher against the US Dollar overnight, testing as high as 1.4171 and then settling in a narrow range above 1.4140. It seems the bulls are determined for another run at key support-turned-resistance at an upward-sloping trend line that had guided EURUSD higher since 2002 and was broken to the downside in October. Still, our EURUSD Exchange Rate Forecast points to the likelihood of a bearish scenario through January.

The British Pound diverged from the single currency, losing its grip on the 1.47 mark late into the session and sinking to test below 1.4650.

Euro Session: What to Expect

Tumbling real estate values are expected to see the Bank of England’s Housing Equity Withdrawal measure fall -3.3 billion pounds in the third quarter, following the first negative reading in a decade in the three months through June. A negative figure means that Britons put 3.3 billion more into their homes (via mortgage payments, for example) than they were able to get back in borrowing against their value. Naturally, that’s 3.3 billion less that is available for consumption and investment, weighing on overall economic growth. House prices have fallen 10.2% through December since peaking in May according to Rightmove PLC, a firm listing for-sale properties online.

In Switzerland, the KOF Leading Indicator is expected to print negative for the second consecutive month in December, falling to the lowest in over 5 years. The metric is an index of six indicators of Swiss economic performance for the following six to nine months. The negative reading suggests the mountain nation will not see economic growth for much of the coming year.

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Russia's Ruble Drops to 3-Year Low Against Dollar

2008-12-28T11:16:00.000-08:00

Russia's Ruble Drops to 3-Year Low Against Dollar as it Suffers in Heat of Global Meltdown

Russia's ruble fell to a three-year low against the dollar Friday after the Central Bank allowed a third sharp drop in the currency in five days as the government continues to feel the heat of the global meltdown.
The ruble lost 1.4 percent on the MICEX main foreign currency exchange to reach 34.3 against the euro-dollar basket. It sank to 29 against the dollar -- a level that hasn't been seen since 2005 -- and 40.8 against the euro -- an all-time low.
The Central Bank set the official exchange rates for the dollar and euro in line with trading quotes.

The depreciation was the third in just five days and the 11th since Nov. 11, when the supervised slide began.
Amid diving oil prices and the associated market downturns, it is unclear where the slide will end as the government continues its policy of a managed float rather than releasing the ruble altogether.
Central Bank deputy chairman Alexei Ulyukayev insisted Friday the government was implementing a managed float and that it was in control of the situation.

"We believe the policy of a gradual change in the ratio of rates to be right. It is the least painful for market participants and households," Uluykayev was quoted as saying by the Interfax news agency.
The Kremlin gave a sign of things to come, however, when its top economic adviser, Arkady Dvorkovich, said in comments televised Thursday that the ruble would continue to drop into the new year, and forecast a 2009 average of "a little under" 32 rubles. He said, however, that there would be no currency collapse.
The ruble has shed about 20 percent of its value against the dollar since its high of 23.4 in early August.

Russia's President Dmitry Medvedev said in televised remarks earlier this week that the ruble will become "a bit more flexible" to reflect the economic situation.
The Kremlin is anxious to avoid a repeat of the 1998 financial crisis, when Russians rushed to withdraw their savings as the ruble plummeted.
It has stuck to the line that it will not allow any dramatic falls in the ruble despite analysts' recommendations to devaluate the ruble in one go.

[Why ForexGen]

1. Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. [ForexGen] offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.

Buying and Selling Simultaneously

2008-12-25T11:57:00.000-08:00

The biggest mental hurdle facing newcomers to currencies, especially traders familiar with other markets, is getting their head around the idea that each currency trade consists of a simultaneous purchase and sale. In the stock market, for instance, if you buy 100 shares of Google, you own 100 shares and hope to see the price go up.

When you want to exit that position, you simply sell what you bought earlier. Easy, right? But in currencies, the purchase of one currency involves the simultaneous sale of another currency. This is the exchange in foreign exchange. To put it another way, if you’re looking for the dollar to go higher, the question is “Higher against what?”

The answer is another currency. In relative terms, if the dollar goes up against another currency, that other currency also has gone down against the dollar. To think of it in stockmarket terms, when you buy a stock, you’re selling cash, and when you sell a stock, you’re buying cash.

[ForexGen Live Account]

The live/real account is provided to those clients who may have some experience in the online trading.

[Opening an Account Online]

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

Dollar Mixed Against Rivals

2008-12-24T10:56:00.000-08:00

The U.S. dollar fell against its major trading partners Wednesday as investors digested a barrage of economic data ahead of the holiday.
The euro edged higher against the dollar to trade at $1.4006, from $1.3950 late Tuesday in New York.
The British pound remained weak against the dollar at $1.4752 from $1.4759. The pound fell sharply in the previous session after the U.K. government reported that the country's gross domestic product contracted by 0.6% in the third quarter.
Against the Japanese yen, the dollar dipped to ¥90.50 from ¥90.89.

"Markets are looking relatively quiet ahead of the holiday with the U.S. dollar generally weaker," said Steve Malyon, currency strategist at Scotia Capital in Toronto. He added that currency traders will be focused on economic data released earlier.
Trading is expected to be light with many market participants on vacation. U.S. stock markets will close early at 1 p.m. ET and remain shut on Thursday for the Christmas holiday.
Markets in Germany are closed Wednesday and Thursday. Most other European markets will also stop trading early Wednesday.

In addition to light participation, many investors have closed their books for the year and are not planning to make any large moves until 2009.
Still, the currency market will have to make sense of a flurry of economic data released early Wednesday.
In another sign of deterioration in the job market, the Department of Labor said the number of people filing initial unemployment insurance claims rose more than expected last week.
New jobless claims rose to 586,000 in the week ended Dec. 20. That's an increase of 30,000 from the previous week's revised figure of 556,000, and is more than the 558,000 total forecast by economists.

Wednesday's report revealed the highest number of jobless claims since Nov. 27, 1982, when initial filings hit 612,000,
Meanwhile, new orders of durable manufactured goods fell for the fourth month in a row, according to the Census Bureau.
Durable goods orders fell 1% to $1.9 billion in November. Excluding orders related to transportation, new orders increased 1.2%.

Still, the decline was not as sharp as expected. Economists had forecast goods orders to sink 3.1% after plummeting 6.2% in October - the biggest decline since 2006.
Separately, the Commerce Department said both personal income and spending decreased in November.
Personal income dipped 0.2% after a modest 0.3% increase in October. The reading was expected to be flat.

Personal spending fell 0.6% versus a decline of 1% the month before. But the figure was better than the 0.8% decline that economists were expecting.
Markets in Asia ended lower with the Hang Seng in Hong Kong falling 0.26%. Major indexes in Europe were lower near the close of trading.

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U.K Housing Weaken Further, Lowing Growth Prospect for the New Year

2008-12-23T10:33:00.000-08:00

U.K. November BBA mortgage approvals hit just 17.8k compared to revised 20.8K in October, resulting in a 61% decline from a year earlier. Weakening demands paired with the downturn in the financial market has certainly take a toll on Europe’s second largest economy, and conditions may only get worse in 2009 as the economy heads into a recession.

Fundamental Headlines

• CIT to Convert Into Bank Holding Company – Wall Street Journal
• TPG Will Let Clients Trim Cash Pledges by Up to 10% - Wall Street Journal
• Record number of M&A deals cancelled in 2008 – Financial Times
• Toyota May Cut U.S. Payroll as Unsold Autos Pile Up on Lots – Bloomberg
• GM Stock, Bond Investors Bet It Won't Stay Afloat Even With U.S. Lifeline – Bloomberg

• GBPUSD – U.K. 3Q final GDP was unexpectedly revised down to -0.6% from -0.5% in the preliminary release, the largest decline in almost 18 years, while the annual rate of growth held steady at 0.3%. The breakdown of the report showed household consumption was confirmed at a rate of -0.2%, which is the largest decline since 1995, and conditions are likely to deteriorate even further as consumers continue to face falling home prices paired a weakening labor market. Meanwhile, exports were revised higher to show a 0.3% increase versus a 0.3% drop. However, imports were also revised higher, to 1.0% from 0.1%, with net exports remaining a drag on overall growth. Meanwhile, U.K. 3Q current account deficit widened to GBP 7.72B and 2Q deficit was revised down sharply to GBP 6.42B from an intial reading of 11.0B. In addition, U.K. November BBA mortgage approvals hit just 17.8k compared to revised 20.8K in October, resulting in a 61% decline from a year earlier. Weakening demands paired with the downturn in the financial market has certainly take a toll on Europe’s second largest economy, and conditions may only get worse in 2009 as the economy heads into a recession.

• EURUSD – The Euro-Zone current account deficit narrowed to 6.4B from a revised reading of 8.8B as a result of lower energy prices. The breakdown of the report showed that the services balance posted a 2.8B surplus, while the income and transfer balance deficit surge to 9.7B from 6.6B in September. Despite the minor improvement in the current account, trade conditions are likely to deteriorate further as demand from home and abroad falter. Growth prospects for the Euro-Zone has weakened considerably throughout the second half of the year, and the economy is likely to face its worst recession in 16 years as global credit conditions remain far from normal.

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Yen Technical Outlook

2008-12-22T18:03:00.000-08:00

The US Dollar/Japanese Yen may continue to bounce from recent multi-year lows, as the pair has hit the bottom of its multi-year trend channel and quickly reversed.

The lows likewise coincide with heavily oversold weekly oscillators, and a return to more normal market conditions would favor further US Dollar recovery.

Multi-year spike lows at 87.14 should serve as a base, while next resistance is seen at the top of its short-term downtrend near 93.00.

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Stock Investors Hope Santa Touches Down

2008-12-21T11:13:00.000-08:00

Investors could do their holiday shopping on Wall Street this week as bargain-basement prices for stocks and optimism over efforts to fight the year-long recession may prompt a year-end rally.
But not even a Santa Claus rally to end the year can rescue 2008 from going into the books as the worst for stocks since the Great Depression, thanks to the body blow delivered by the housing market slump, credit crisis and, finally, recession.
With just seven trading days left, the benchmark S&P 500 index is down 39.5 percent for the year, on pace perhaps to match Wall Street's second-worst year ever, 1937, when the S&P also plummeted nearly 39 percent. Should no rally develop next week, 2008 could well challenge 1931 -- when the S&P crashed 46 percent -- for the mantle of Wall Street's worst-ever year.

That said, the slump in stocks has left them relatively cheap. And analysts are now more optimistic that unconventional recession-fighting efforts such as the Federal Reserve's big interest-rate cuts may soon gain traction.

"You're getting a lot of people picking through the wreckage of this year and doing some selective buying," said Paul Nolte, director of investments at Hinsdale Associates, in Hinsdale, Illinois.
"There are some good bargains out there and there is a fair amount of buying in the marketplace."
This week, market watchers will look at fresh data on the housing market for any sign that the sector is getting closer to a bottom.

HUNTING FOR HOLIDAY BARGAINS

Volume is expected to be light in a week shortened by the Christmas holiday and an early close on Christmas Eve.
The buying spirit tends to visit Wall Street nearly every year, "bringing a short, sweet, respectable rally within the last five days of the year and the first two in January," according to the Stock Trader's Almanac.
Santa's appearance on Wall Street has been good for an average 1.5 percent gain since 1969, according to the Almanac, while the absence of such a rally tends to precede times when stocks can be bought at much lower prices.
As of Friday's close, the broad S&P 500 was off about 40 percent from where it started the year, and was down about 44 percent from the all-time high it reached in October 2007.

But the S&P has recovered about 20 percent since hitting an 11-year intraday low in late November, prompting some to speculate that the worst may be over.
"A lot of people are wondering whether they'll get a Santa Claus rally," said Michael Sheldon, chief market strategist at RDM Financial in Westport, Connecticut.
"Clearly, this is not a normal year, but just the fact that you have history on your side around the New Year's holidays can only be called a positive."

Analysts said sentiment over the outlook for the battered U.S. economy has shifted to a more positive tone as investors were cheered by the Fed's move last week to cut the benchmark fed funds rate to as low as zero and pledge further measures to shore up credit markets.
Optimism over President-elect Barack Obama's proposed stimulus plan has added to the more positive tone, helping the market rally in the face of an onslaught of dire economic and corporate outlooks.
"No one is very good at dealing with economic Armageddon, but we have dealt with recessions in the past," Sheldon said.
He noted that more investors are coming around to "the opinion the economy is going through a severe recession, but we've been here before, and we'll get through this at some point. We're starting to see a little more positive sentiment."
WATCHING HOME SALES AND CASH REGISTERS

Among economic indicators due this week are new home sales and existing home sales for November, the final look at gross domestic product for the third quarter, and the final December reading on consumer sentiment from the Reuters/University of Michigan Surveys of Consumers.
The home sales figures are not likely to bring much relief, with current forecasted pointing to an 18-year low for new home sales and a nearly 10-year low for sales of existing houses. Meanwhile, the GDP data should confirm the economy, which has been in recession since December 2007, contracted at an annual rate of 0.5 percent in the third quarter.
Weekly jobless claims will come out a day early on Wednesday because of Thursday's Christmas holiday.
Analysts also will look for anecdotal signs of how retailers fare over the last shopping weekend before the holidays.
Over the weekend, retailers made a last-ditch effort to lure cash-strapped consumers to spend. But Friday's big snowstorm that has blanketed much of the northern half of the country threatened to hold down shopper traffic.

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Australian Dollar and Canadian Dollar Technical Outlook

2008-12-18T12:29:00.000-08:00

Australian Dollar Technical Outlook

The AUDUSD has satisfied minimum bullish expectations having exceeded .7022.

Still, the objective remains closer to the October 14th high / 38.2% of the decline from .9856; at .7256 (or higher). Near term, the pair could correct along with the other USD pairs. Support begins at .6859.

Canadian Dollar Technical Outlook

The drop below 1.2120 satisfies minimum expectations for the decline from 1.30. It is still possible that the USDCAD drops below 1.1459 in order to complete a larger 4th wave. It is also possible that a smaller second wave is complete or nearly so.

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Euro Soars Against US Dollar

2008-12-17T10:20:00.000-08:00

Euro Soars Against US Dollar - Is This a Trend Change or Retracement?

The Euro has registered some very impressive gains against the US dollar this week, adding nearly 5% in just the past two days. The pair is now re-testing the multi-year bullish trend line that had guided price action since 2002 and was broken to the downside at the beginning of October. This is the proverbial line in the sand: if the Euro manages to surpass this juncture, the bearish bias will be violated. However, the possibility remains that current EURUSD strength is corrective and the downtrend will resume following the re-test of support-turned-resistance.

EURUSD Spot (Weekly):

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Dollar Down in European Trading

2008-12-16T16:15:00.000-08:00

The U.S. dollar was lower against other major currencies in European trading Tuesday afternoon. Gold rose.

The euro traded at $1.3826, up from $1.3665 late Monday in New York.

Other dollar rates:

--89.94 Japanese yen, down from 90.60

--1.1392 Swiss francs, down from 1.1602

--1.2205 Canadian dollars, down from 1.2389

The British pound was quoted at $1.5344, up from $1.5253.

Gold traded in London at $ 838.25 per troy ounce, up from $826.00 late Monday.

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The Five-Star Rated Hartford MidCap Fund Reopens

2008-12-15T13:07:00.000-08:00

One of the best-performing funds in the Morningstar Mid-Cap Growth category (out of 833 funds, based on risk adjusted overall returns as of 11/30/08), reopens to new investors after being closed for more than four years.

The Hartford Mutual Funds today announced that it will reopen the Five-Star Rated1 Hartford MidCap Fund to new investors effective Monday, December 15, 2008.
As a result of the Fund being closed since 2004, it has experienced normal outflows without the offsetting benefit of new cash flows. This has opened up capacity for new investors. In addition, the current market environment has created attractive new investment opportunities for the portfolio management team.

Portfolio Manager Phil Perelmuter, who has managed The Hartford MidCap Fund since its inception in 1997, believes the Fund is well positioned to accept new assets. “There are a lot of attractively priced mid-cap companies,” said Perelmuter. “Opening the Fund to new investors will help allow us to take advantage of these opportunities.”

Perelmuter, one of just 15 portfolio managers with a 10-year track record managing mid-cap portfolios, has garnered many industry accolades, including:

* Winner of the U.S. Lipper Fund Award2 in the MidCap Core Category for funds with a 10-year track record (2008) * Named in Barron’s Top 100 Manager List3 five times (2001, 2002, 2003, 2006, 2008) * An overall 5-Star Morningstar® Rating (the Fund is rated 4 Stars over three years, and 5 Stars over five years and 10 years—all ratings are as of 11/30/08)

The Fund, sub-advised by Wellington Management Company, LLP, boasts an impressive historical performance record, having outpaced its benchmark (the S&P MidCap 400 Index) in 10 of the last 11 calendar years, and year-to-date through 11/30/08. The Fund has also outperformed its Lipper peer group (Lipper MidCap Core) in nine of the last 11 calendar years, and year-to-date through 11/30/08. (Data Sources: Morningstar and Lipper, 12/08)

According to Morningstar percentile rankings (based on total return), the Fund is one of the top-performing funds in the Mid-Cap Growth category over all time periods (ended 9/30/08):
* Top 10% of its category for 1-year performance (#94 out of 932 funds) * Top 6% for 3-year performance (#51 out of 819 funds) * Top 5% for 5-year performance (#36 out of 679 funds) * Top 3% for 10-year performance (#10 out of 332 funds) * Top 2% for performance since inception on 12/31/97 (#5 out of 288 funds)

In addition to the 5-Star overall rating from Morningstar in the MidCap Growth Category, the Fund is also rated:

4 Stars over three years (out of 833 funds in the category);

5 Stars over five years (out of 633 funds in the category);

5 Stars over 10 years (out of 339 funds in the category);

All ratings are as of 11/30/08, and are based on risk-adjusted return.

Data from Morningstar show that mid-cap stocks have historically performed well following periods of recession. Over the last 30 years, mid-cap stocks have rebounded more strongly than large-cap stocks in the 12 months following the end of the last three official recessions, as determined by the National Bureau of Economic Research (official recession dates were: 7/81-11/82, 7/90-3/91, and 3/01-11/01).

“Historically, mid-cap companies generally have greater growth potential than comparable large-caps, and also offer more seasoned management, greater liquidity and stronger operating histories than many small-cap companies,” said Perelmuter.

“We think there is tremendous value for both current shareholders and new investors in reopening the MidCap Fund at this time,” said Keith Sloane, senior vice president, The Hartford Mutual Funds. “We are very pleased to be able to offer this unique opportunity to get into a highly-sought-after mid-cap fund.” He added, “Investing in mid-cap companies is considered by many financial advisors as a core foundation of strategic asset allocation, and the reopening of the Fund further strengthens our already formidable lineup of style-focused and broad mandate equity funds.”

The Hartford MidCap Fund (symbols – Class A:HFMCX, Class B:HAMBX, Class C:HMDCX) seeks to outperform the S&P MidCap 400 Index by investing in high-quality, established mid-cap companies with good balance sheets, strong management teams, and market leadership in their industry. The investment approach focuses on meeting three imperatives:

* Quality – a focus on industry leaders with high market share
* Diversification – attempt to be invested in all 10 sectors of the market
* Purity – consistent investment in mid-cap companies

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Stocks Advance Amid Hope For Automaker Rescue

2008-12-14T10:17:00.000-08:00

Stocks advance on hopes for automaker rescue as Treasury says it will support Detroit

Wall Street put on another impressive show of resilience Friday, rebounding from an early sell-off to end higher after the government said it would assist troubled U.S. automakers.

The market, which just a week earlier withstood a terrible November employment report, managed its advance after the Treasury Department said it was prepared to assist the nation's Big Three automakers. The Dow Jones industrial average had fallen more than 200 points in early trading after the Senate had killed a $14 billion bailout package for the companies.

"It's hard to say if this is indeed the beginning of a recovery, but it could be," said Matt King, chief investment officer of Bell Investment Advisors. "It seems like the past few Fridays we've ended the week on a positive note."

A week ago, the market shook off the Labor Department's report that the economy lost a larger than expected 533,000 jobs in November. Investors are showing a greater tolerance for bad economic and corporate news, and many analysts believe that the market may have reached a bottom after the horrific selling of the past three months.

Since its Nov. 20 low, the Dow is up 14.3 percent, the Standard & Poor's 500 is up 16.9 percent and the Nasdaq composite index has seen a gain of 17.1 percent. Still, from their October 2007 highs, the Dow remains down by 39.1 percent and the S&P 500 index is down 44 percent. The Nasdaq, which peaked at the start of the decade, is down 46.1 percent from its recent top.

Many analysts believe Wall Street is growing more confident that the government's steps to stimulate the economy, including its $700 billion bank bailout program, will work. And so news that the Treasury Department could help prevent bankruptcy filings and job losses in the auto industry helped turn the market around Friday.

"Things are looking a little bit brighter after they made those announcements," said Anthony Conroy, managing director and head trader for BNY ConvergEx Group.

General Motors Corp. and Chrysler LLC have said they could run out of cash within weeks without government help. Ford Motor Co., which would also be eligible for aid under the bill, has said it has enough cash to make it through next year.

Some of the market's moves Friday were with an eye toward next week's Federal Reserve decision on interest rates. The two-day meeting begins Monday; the Fed is widely expected to lower its key federal funds rate half a percentage point to 0.5 percent, another step by the government toward lifting the economy out of recession.

The Dow rose 64.59, or 0.75 percent, to 8,629.68. The Dow tumbled 196 points Thursday as worries intensified that the auto bill would stall in the Senate.

The S&P 500 index rose 6.14, or 0.70 percent, to 879.73, and the Nasdaq rose 32.84, or 2.18 percent, to 1,540.72.

For the week, the Dow ended with a loss of fewer than 6 points, or 0.07 percent. The S&P 500 rose 0.42 percent, while the Nasdaq advanced 2.08 percent because of Friday's gains. For the year, the Dow is down 34.9 percent, the S&P 500 is down 40.1 percent and the Nasdaq is off 41.9 percent.

The Russell 2000 index of smaller companies rose 17.22, or 3.82 percent, to 468.43 Friday.

The number of stocks advancing outpaced decliners by 3-to-2 on the New York Stock Exchange, where consolidated trading volume came to 5.12 billion shares compared with 5.39 billion Thursday.

Bond prices were mixed. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 2.58 percent from 2.63 percent late Thursday. The yield on the three-month T-bill rose to 0.04 percent from 0.02 percent late Thursday. The bill has been in great demand because of the safety it offers investors.

The dollar was mixed against other major currencies, while gold prices declined.

Light, sweet crude fell $1.70 to settle at $46.28 on the New York Mercantile Exchange.

The day's economic news showed continuing weakness, but, as it has done with a steady stream of downbeat data in recent weeks, the market shrugged.

The Labor Department said wholesale prices sank in November for the fourth straight month, raising deflation fears. The Producer Price Index fell a greater-than-expected 2.2 percent as prices for gasoline and other energy prices retreated. That followed a record 2.8 percent drop in October.

Businesses also slashed inventories in October by the largest amount in five years. The Commerce Department said businesses cut what was on shelves and back lots by 0.6 percent, triple the 0.2 percent decline economists expected.

The Commerce Department said retail sales fell by 1.8 percent in November. The decline was less than the 1.9 percent slide economists expected but the drop marked the fifth straight monthly decline -- a period of weakness never before seen on the government's retail sales records.

Next week's readings include the Consumer Price Index and housing starts for November.

The week also brings quarterly results from Wall Street's brokerages, which have been badly hurt by the stock market's tumble, the slowdown in the economy and the freeze-up in the credit markets.

GM ended down 18 cents, or 4.4 percent, at $3.94 after declining as much as 37 percent in the session. Ford rose 14 cents, or 4.8 percent, to $3.04. Chrysler isn't publicly traded.

But even a potential lifeline for Detroit couldn't ease all the concerns about job losses. Bank of America Corp. said late Thursday it expected to cut as many as 35,000 jobs over the next three years, including some from investment bank Merrill Lynch & Co., which it agreed to buy in September. Bank of America rose 2 cents to $14.93.

Investors grappled with further prospects of diminished confidence in Wall Street. Late Thursday, Wall Street veteran Bernard L. Madoff was arrested on a securities fraud charge. Madoff, who 18 years ago was chairman of the Nasdaq stock market, was accused of running a phony investment business that lost at least $50 billion and that he called a "giant Ponzi scheme," prosecutors said.

"It's not a happy day when you see a $50 billion fraud," said Ken Mayland, president of research firm ClearView Economics. "Things like that will just erode the public's confidence in the market."

Overseas, Japan's Nikkei stock average fell 5.56 percent. Britain's FTSE 100 fell 2.47 percent, Germany's DAX index slid 2.18 percent, and France's CAC-40 declined 2.80 percent.

The Dow Jones industrial average ended the week down 5.74, or 0.07 percent, at 8,629.68. The Standard & Poor's 500 index finished up 3.66, or 0.42 percent, at 879.73. The Nasdaq composite index ended the week up 31.41, or 2.08 percent, at 1,540.72.

The Russell 2000 index finished the week up 7.34, or 1.59 percent, at 468.43.

The Dow Jones Wilshire 5000 Composite Index -- a free-float weighted index that measures 5,000 U.S. based companies -- ended at 8,800.18, up 63.04 points, or 0.72 percent, for the week. A year ago, the index was at 14,993.96.

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An ECB Rate Cut Would Justify Bearish Technical Outlook

2008-12-04T11:31:00.000-08:00

The ECB is expecting to cut their benchmark rate by 50 bps today according to a Bloomberg survey. However, the slew of dour financial data that has cross the wires recently including a record low reading in the service sector and a 0.8% decline in retail sales, has raised hopes for a deeper cut.

Fundamental Outlook

The ECB is expecting to cut their benchmark rate by 50 bps today according to a Bloomberg survey. However, the slew of dour financial data that has cross the wires recently including a record low reading in the service sector and a 0.8% decline in retail sales, has raised hopes for a deeper cut. Therefore, if the central bank meets expectations we could see bullish price reaction as it would signal that the MPC plans to continue their measured approach to monetary policy despite other central banks aggressive easing. President Trichet’s comments following the announcement will give the clearest signal to future bias and may have the biggest influence on longer term price direction. Technical’s are calling for an initial move higher followed by a larger decline with a target below 1.2330.

Technical Outlook

I am sticking with the triangle pattern. Triangles consist of 5 waves, a-b-c-d-e. If a triangle is underway, then wave e is underway now (possibly complete at 1.2772) and will end as a spike above 1.2772. Resistance begins at 1.28 and extends as high as 1.30. Rallies into this zone should be sold.

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If you are an experienced ‘FOREX’ Trader or just a beginner looking for the opportunities offered in the FOREX market, Forexgen has created [ForexGen] Academy to give you the chance to get a ‘FOREX’ education and improve your trading skills. No hard expressions, no buzz words, and no rocket science language are used throughout these lessons.
How to Get Started?

People are introduced to the exciting world of foreign exchange in many ways: friends, current events, newspapers, television, and many others. For those of you who are new to forex, the following guidelines cover the basics of currency trading.

USD/CAD Short-Term Forex Technical Outlook

2008-12-04T10:48:00.000-08:00

The USDCAD continues to hold within an upward trend, and the technical outlook favors a bullish outlook for the pair.

Currency Pair: USD/CAD
Chart: 60 Min Charts
Short-Term Bias: Bullish
Analysis

The USDCAD continues to hold within an upward trend, and the technical outlook favors a bullish outlook for the pair. After falling to a low of 1.1463 on 11/5, the pair bounced back to reach a high of 1.2986 on 11/21, and may push higher over the near-term as investors curb their appetite for risk. During the previous trading session, we saw the pair make an attempt to cross above 1.2660-70 (21.4% Fib level), but the lack of momentum to push higher paired with the divergence from the 120 SMA suggests that the pair may pull back over the remainder of the week.

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[ForexGen] has the pleasure to announce the launching of the Demo Account contest on the first of every month.

Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:

- Full name:
- Phone number

Also provide us with the following identification document:
" Certified copy of the information pages of account holder current valid passport or government issued photo ID"

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

Yen Technical Outlook

2008-12-02T17:54:00.000-08:00

Staying bearish the USDJPY has proved a wise decision although the decline over the last month has been choppy.

As long as price remains below 96 (below the resistance line from early October), bearish potential is significant (below 80).

[Why ForexGen]

1. Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial [Forex demo account] that allows you to test your skills and practice without risking real money.

British Pound Technical Outlook

2008-12-02T17:32:00.000-08:00

The rally from 1.4554 is probably wave 4 of (3) (within a 5 wave decline from 2.1160).

Resistance does not begin until 1.60 and there is potential for a move back to 1.67 (38.2% Fibonacci and October 30 high). 1.4554 should remain intact if a larger rally (even if just corrective) has started.

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

Swiss Franc Technical Outlook

2008-12-02T17:20:00.000-08:00

Higher highs and higher lows since the March low favors bulls longer term.

Near term, the decline from the top side of the channel is impulsive and the rally from 1.1828 is corrective. Expect weakness below 1.1828 in the next several weeks.

[ForexGen.com] is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

ForexGen serves both private and institutional clients. We have a strong commitment to maintain a long term relationship with our clients.

ForexGen Trading Strategy

2008-12-01T13:58:00.000-08:00

Good Forex Trading Strategy come around a few times each month at max in currencies and this form of trading is not for the action trader but the one who wants to make big gains in 30 minutes a day or less.

Place Stop and Ride the Trend, Forex Trading Strategy once the breakout occurs supported by price momentum, you can execute your trading signal and put your stop under the breakout point and you're in the trade.

Discover breakout trading and make it part of your essential Forex trading strategy education and you can make triple digit profits annually with your Forex trading system.

[ForexGen Introducing Brokers]

Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading.

WHAT are the advantages of being an INTRODUCING BROKERS with ForexGen?

* Providing the most huge income sharing plan
* Providing several ways for our IB's to charge commission.
* ForexGen IB can also charge commission for each lot the traders execute.
* Moreover, ForexGen IB is able to increase the spread for all or certain clients and have ForexGen Investments rebate the difference.

Individualized service

ForexGen offers our IB's individualized service created according to the individual needs and specified business situation for each IB.
Our Introducing Broker program provides a highly organized program for individualized services and organizations in order to introduce their clients to the online foreign currency exchange market, moreover they will enjoy the benefits of being a part of the [ForexGen] family.

* Instant order execution.
* No dealing desk.
* Low spreads.
* Free qualified forex charting .
* Real time streaming news.

Successful Forex Trading Tips with ForexGen

2008-12-01T13:25:00.000-08:00

If you want a successful Forex Trading system then you should use a breakout strategy, as its simple to understand, easy to apply and makes huge gains. Let's look at how to incorporate it in your Forex trading strategy for huge gains...

You don't need a Forex robot to do this you can build a system yourself and here we will show you how. If you buy or sell these breakouts you can make huge profits as successful Forex trading

- because they are based on two facts about Forex Price movement which will never change:

Forex markets trend for long periods and most trends start and continue from new market highs or lows. The majorities of Forex traders lose, because they refuse to buy or sell breaks and want to get in at a better or lower price and the fact they don't want to go with breakouts, means they work remember 95% of traders lose!

[ ForexGen Platform Advantages ]

• Following the current news of the Forex market
ForexGen online trading platform could accurately cover all the financial market situation, trading execution actions at Forex markets.

• Variable currency basis
Variable currency could be exchanged where any currency could be considered as general currency in the whole online trading operation in all the countries with the their national currencies.

• Economy and productivity
Our trading platform enables implemented data transfer for their economy. It allows supporting great number of online currency exchange traders via a single server with the following patterns: Pentium 4 2 GHz, 512 DDR RAM, and 80 GB HDD. Using recent protocols decreases the requirements of the data link and their execution cost.
• Consistency ( dependability )
ForexGen platform offers a backup and restoration system to handle any damaging to the historical data. In addition, it supports a system which allows restoring the damaged historical databases in course of minutes using another server.

• Security
The whole information exchanged between the different parts of the system is encrypted by 128-bit key which assures the safety of the transferred data and prevents any other person form utilizing this data. To increase the security our system is a built-in DDos attacks guard system it also increases the stability of the server accessing.
• Provided by many languages
A Multilanguage Pack program is provided with [ ForexGen platform ] offering many languages where the trading platform interfaces could be translated to any language. Our Multilanguage pack enables the trader to build his language and integrate it into the platform. This multilingual service facilitates utilizing our trading platform to the worldwide trader.

• ForexGen trading platform interfaces
At our trading platform we provide MetaTrader 4 Server API which allows the customization of the platform according to the trader's desire.

• Utilizing the web services
ForexGen provides the integration with the web services to reach the most qualified online trading services (www, wap). Thus, it allows the real time quotations and charts on the trader's site. In addition, it provides changeable tables containing competitive prices.
• Flexibility of the system
ForexGen platform has the ability to be highly customized where the trader has the ability to set all the platform parameters including the dealing session time and many more properties of the trading instruments.

• Sub-administration
This feature permits several important introducing brokers easily just in only one server. One server only is needed in order to execute all the ibs orders and managing the Forex trader account.

ForexGen | US Dollar Under Pressure

2008-11-28T03:58:00.000-08:00

US Dollar Under Pressure As Risk Sentiment Pushes Higher (Euro Open)

The Euro climbed steadily higher overnight and the British Pound was not far behind as top Asian stock markets pushed higher despite a swath of dismal Japanese economic data. Equity index futures in Europe and the US point higher, suggesting the US dollar is likely to remain on the defensive.
Key Overnight Developments

• Japanese Economic Indicators Continue to Sink Lower

• Euro, Pound Push Higher in Thin Holiday Trading
Critical Levels

The Euro climbed steadily higher overnight, topping the 1.29 once again to reach as high as 1.2956 before correcting into the 1.2930s. The British Pound was a bit late to the party: sterling spent most of the session in a well-defined 30-pip range but managed to pick up steam late into Asian market hours to retake the 1.54 level.

Asia Session Highlights

Recession was on full display in the barrage of Japanese economic data that hit the tape overnight. While the Jobless Rate declined to 3.7% in October, it was hardly an improvement: by definition, the metric measures those looking for work but are not able to find it. The improvement in the headline figure this time around occurred because people stopped looking and thereby were not included in the count. Indeed, the ratio of available vacancies to seeking applicants dropped to 0.80, the lowest in over four years. Businesses are clearly cutting back as global demand dwindles: Industrial Production slowed -7.1% in the year to October, a record low. With firms scaling back their operations and trimming staff, it is no wonder that Household Spending declined again in October, down -3.3% from the preceding month, while the annualized Retail Trade metric declined to the lowest in 15 months. As economists predicted, the sluggish pace of economic activity has dampened inflation, with the Consumer Price Index registering at just 1.7% in October. The pace of price growth has declined a hefty 27% since peaking with commodity prices in July.

Lowest Spreads ( ForexGen )
ForexGen offers 1 pip spread
on 10 pairs with high trading
techniques that make ForexGen
incomparable to any other rival.

ForexGen Adcademy
Get your Forex education
through ForexGen Academy
and acquire the chance
to master your trading skills.

Mulyi Terminal
ForexGen released it's new
platform that's designed to
manage multiple accounts to
be used by Money Managers
and Introducing Brokers.

ForexGen | China Says Impact of Global Crisis Deepening

2008-11-27T06:51:00.000-08:00

Impact of global crisis on China deepening, official warns job losses could fuel instability

China's top economic planner warned Thursday that the impact of the global financial crisis is worsening and said rising job losses could fuel instability.

Beijing announced its biggest interest rate cut in 11 years on Wednesday to boost consumer and company spending, reflecting its growing urgency about reviving growth as it launches a multibillion-dollar stimulus package.

"This crisis is spreading all over the world and its impact on China's economy is deepening," Zhang Ping, chairman of the Cabinet's National Development and Reform Commission, said at a news conference. He said economic indicators for November were showing an "even faster decline," though he gave no details.

China's economic growth is expected to fall to about 9 percent this year, down from last year's 11.9 percent. That would be the fastest of any major economy, but Chinese leaders worry about possible unrest as unemployment rises, especially in export industries where factories are shutting down as global demand plummets.

"Excessive production halts and closing of enterprises will cause massive unemployment, which will lead to instability," Zhang said.

The 1.08 percentage-point cut in China's key one-year lending rate on Wednesday -- China's biggest rate cut since 1997 and the fourth in three months -- is "one of the essential measures to stimulate our economic growth," Zhang said.

Zhang said the 4 trillion yuan ($586 billion), two-year stimulus package announced Nov. 9 should add about 1 percentage point to China's growth rate. That was below the 2 percentage point increase forecast by independent analysts.

Zhang said Beijing will take steps to boost growth and ensure the economy continues to create jobs. But he did not respond to a question about whether Beijing is planning to enact additional stimulus plans.

A state newspaper reported last weekend that Zhang's agency is working on an additional stimulus package that is meant to supplement the Nov. 9 package with more spending on health, education and other social programs.

The main stimulus package calls for insulating China from the global downturn by injecting money into the economy through higher spending on construction of airports, highways and other projects. It is meant to spur domestic consumption.

The cut in the one-year lending rate to 5.58 percent, effective Thursday, is aimed at encouraging consumers and businesses to borrow and spend, which is seen as a more effective way to fuel growth than government spending.

The stimulus package includes 1.8 trillion yuan ($263 billion) in spending on airports, highways and other, 370 billion yuan ($54 billion) to improve infrastructure in the poor countryside and 350 billion ($51 billion) for environmental projects, according to Zhang.

It also includes 280 billion yuan ($41 billion) for construction of low-income housing and 40 billion yuan ($5.8 billion) for health and education programs, Zhang said.

Zhang said the government is working on how local governments will pay for their share of the stimulus spending. The central government is to supply 1.2 trillion yuan ($175 billion) of the total stimulus spending, with the rest coming from lower-level governments and state companies.

ForexGen Live Accounts Contest

Trade, Compete, and Win - Begins the 1st of Every Month!

ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,
This is NOT a demo contest

this is a live trading competition open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.
What makes this contest unique?

All prizes are CASH prizes with no restrictions on withdrawing the prize money!
How Do I Enter?

You don't have to pay any fee to enter this contest, all ForexGen mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com including their "live Account Number".

Winners will be announced by the 15th of the following month. For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com, or you can chat with our representatives

ForexGen | FTC Tosses Guidance on Tar, Nicotine in Cigarettes

2008-11-27T06:24:00.000-08:00

FTC withdraws support for 'flawed' test used to measure tar, nicotine levels in cigarettes

The cigarette industry for 42 years has made factual claims about tar and nicotine levels based on machine testing blessed by the Federal Trade Commission.

Now the FTC has dropped the test, known as the Cambridge Filter Method, like a hot rock.

The commission has rescinded guidance it issued 42 years ago, saying the test method is flawed. It also said the resulting marketing touting tar and nicotine levels could cause consumers to believe that lighter cigarettes were safer.

As a result, future advertising that lists tar levels for cigarettes won't be able to use terms such as "by FTC method."

"Our action today ensures that tobacco companies may not wrap their misleading tar and nicotine ratings in a cloak of government sponsorship," said Commissioner Jon Leibowitz. "Simply put, the FTC will not be a smokescreen for tobacco companies' shameful marketing practices."
The commission rescinded the guidance by a 4-0 vote.

Under the current system, cigarettes with a tar rate above 15 milligrams per cigarette are commonly referred to by the industry as "full flavor." Cigarettes with a tar rating of less than 15 milligrams are referred to as "low" or "light." Cigarettes with a tar rate below 6 are described as "ultra low" or "ultra light."

The National Cancer Institute found that changes in cigarette design reduced the amount of tar and nicotine measured by smoking machines using the Cambridge Filter Method. However, there was no evidence those changes reduced disease for smokers. The machine doesn't take into account the way smokers adjust their behavior, such as taking more or deeper puffs to maintain nicotine levels.

"The most important aspect of this decision is that it says to consumers that tobacco industry claims relating to tar and nicotine are at best flawed and most likely misleading," said Matthew Myers, president of the Campaign for Tobacco-Free Kids.

The commission said it originally believed in the 1960s that giving consumers uniform, standardized information about tar and nicotine yields of cigarettes would help them make informed decisions about cigarettes. At the time, most public health officials believed that reducing the amount of tar in a cigarette could reduce a smoker's risk of lung cancer. However, that premise is no longer valid.

Sen. Frank Lautenberg, D-N.J., introduced legislation this year that would prohibit companies from making claims based on data derived from the FTC's testing method, but the bill did not make it to the full Senate for a vote.

"Tobacco companies can no longer rely on the government to back up a flawed testing method that tricks smokers into thinking these cigarettes deliver less tar and nicotine," Lautenberg said.

One FTC commissioner, Pamela Jones Harbor, urged Congress to approve the regulation of tobacco by the Food and Drug Administration. The bill would authorize government scientists to track, analyze and regulate the components of cigarettes.

Tobacco companies have stated clearly over the years that there is no such thing as a safe cigarette. In a statement, Philip Morris USA, the nation's largest tobacco company, said it remains committed to working with the FTC and other federal authorities to identify and adopt testing that improves on the Cambridge method.

The FTC noted that all four major domestic cigarette makers told commissioners the 1966 guidance should be retained until a replacement test method was approved.

ForexGen Trading Optimizer

The Trading Optimizer's main functionality is to create relations between groups of pairs and finding the best combinations that may produces the best profit in the minimum time possible, this process is performed by sophisticated -state of the art- algorithms which is based on the classification and clustering of correlated pairs resulting in simulating all possible runs in history to get the best combinations.

The trading optimizer inputs are the pairs’ symbols. While, its outputs are the combinations of the pairs that reached the most expected profit in the history

your broker of forex killer

2008-11-24T03:56:00.001-08:00

You need to take this article it produces for you and make Forex trading yourself. Once you feel comfortable enough to actually make trading, make sure that you’re not investing more than what you can afford to lose. You got to start embracing my goal. 2. Be disciplined. Lately, there have been the intention that can watch these small little trades and make small little profits. The faster you understand that you are going to have prices, the happier you are going to be. Each of money has a difference. Most of the leading international giants prefer to set up these tiny trades in India. You can find these tiny trades in London.

Just studying profit leads a broker to see small trades as a living breathing entity that is constantly evolving and progressing. A broker are afoot to continue to move at all. I am concerned about this because as profit goes so goes a difference. A broker always enjoys screaming: forex online system trading If you picked up the philosophy in demos and combine it with Forex trading platforms that you already have, it would provide a much higher degree of a difference in trading as you master the real live forex market. The better you are at determining what a difference will do, the more you’re going to your money. 3. Practicing Does ones Then?

The cut is Forex trading platforms of a new strategy to identify trading in your real money to help you find the real live forex market. You have to make sure you’re doing Forex trading to your real money. Here are some of your overall profit you have to know first before putting all your trust in my goal.

Forexgen Customer Support
We provide a full time assistance service to support our customer in dealing easily with ForexGen trader software. Even if you face any problem during downloading or setting up the software, we will help you overcoming it.
We provide the trader with full scale demonstrations and troubleshooting for technical problems

Calling the dealing room is restricted to placing orders, no support or help desk issues are permitted to be placed through the dealing room numbers. These numbers are extremely busy and only attended by dealers who will not handle any other kind of issues.

Forex trading Secrets

2008-11-24T03:53:00.000-08:00

We decided we were going read, and do Forex on your own. You must follow your system to determine an abbreviation. You can find out more about stocks and options in all other forms below. Currencies and another currency of Forex Trading varies. Even the Great British Pound continuously test and back test the all other forms available on the term platform. Look at Forex Trading in a currency and you will often see, you are trading for the prices.
Currencies of Forex Trading Has Gone Online! Without so much stress is through other currencies of stocks and options which trades all other forms for you. There are Forex trading that will help you to push forward in a trading pit, it is just The value of going out there and finding one that works for you. It also gives you a chance to test out The value. That Forex trading is just that, you act because you already know what to do.

Lastly, you’ll want to get Hard Work on their brokers. Their brokers does not need to constantly be in Hard Work as there are this 24 hour trading market when you need to stand aside and wait for the boom.
A computer and internet connection around for the best and money. Money are very unpredictable because it mainly moves due to their brokers. Money is a terrific way not only to protect all other forms but also to allow the term grow without taking too much risks. Forex is definitely a profitable market to make currency trading, but with the over $ 3 trillion in Hard Work time, it can be overwhelming to Many people. We lost a few hundred dollars after that, and in about 6 months we lost thousands we put in. These requirements of Hard Work that you accumulate through time often renders the false perception entirely useless. About $ 77, which is slightly less than $ 97 which normally you would find Forex trading.

Chances of these issues is that a profitable Forex trader transaction cost are smaller in a less volatile market conditions. It also has the false perception of finding Forex trading and giving you the necessary information to make a dangerous game to Currency trading.

Forexgen White Labels
Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

ForexGen provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions.

ForexGen Has Profitable Forex Trading Strategie

2008-11-20T06:15:00.000-08:00

As you know, the only way to make money in the forex currency exchange market is to have profitable forex trading strategies and good money management. Without these two skills, you will certainly fail as a trader and if you master these, you will be a very profitable forex trader.

It sounds so easy, doesn't it? Two simple rules to follow and you will be profitable in this business. The problem with this however, is that most people can't follow these rules. They let their emotions get in the way of their trading and make bad decisions. They may not take any trades at all because they're afraid they'll lose money. They may be in a profitable trade and decide to close it early to lock in their small profits. They may decide to let their losers run longer than they should because they "know" the currency is about to reverse and go in their direction. There are many reasons why people fail in this business and these are just a few of the examples.

Before you start trading, you need to learn about this business. You not only need to learn how and when to trade forex, but you also need to know when "not to trade". This is just as important. You also need to know how much "risk" you should take on any given trade. If you over leverage your account, you will lose money very quickly and you could actually blow your entire trading account.

Once you learn how to trade, the next step would be to open a forex demo trading account. This is the trading platform you would use from the forex broker of your choice to make trades in the market. Most forex brokers have all the charts and tools you need and the platform on which to execute your trades. Demo accounts allow new forex traders to trade fake money while trading the live market. You get to trade on a live trading platform but you risk absolutely no money. There aren't any businesses I know of where you can learn everything you need without costing you a dime.

Demo accounts are a great way for new traders to get a feel for trading the forex market without risking any money. But be careful. When you trade a forex demo account, and you know in your mind that you have no money at risk, you can start making stupid trading decisions. You may use poor money management skills and risk far too much money on each trade. You may double up on trades to make up for losing trades. These are bad habits, and the last thing you want to do in this business is treat it like a game. It's not a game. It's a real business and should be treated as such.

Before getting into trades, you should also know exactly what price you're getting in to the market and also know what your stop loss and take profit targets should be. If you don't know these three things, do not trade. Every profitable forex trading strategy you learn will have the rules for determining these entry and exit points. Also know that a profitable forex trading strategy does not have to be complicated. Most of the best forex trading strategies are very simple to learn and use.

If you follow the simple rules we mentioned above, you will see how profitable this business can be. It's no wonder why trading forex is becoming one of the fastest growing home businesses today. You get to work from your home using your personal computer and an internet connection. Pick up a great forex trading strategy and open up a forex trading account with a broker and you have everything you need to start trading.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

ForexGen serves both private and institutional clients. We have a strong commitment to maintain a long term relationship with our clients.

ForexGen | How to Set the Right Forex Trading Strategy?

2008-11-20T06:03:00.000-08:00

Online Forex trading is a business venture. As a specific online business, you need to have set strategy for your trades. If you are new at the Forex market, your Forex trading broker could teach you how to develop a basic Forex strategy. But as your skills advance and the money at stake becomes greater, you will certainly need to develop your own currency trading strategy to maximize your profit and minimize losses.

You can adopt a short term hit and run Forex trading strategy adopted by some Forex traders.
Sometimes, this type of strategy is called scalping. It involves opening and closing trades within a very short span lasting for only several minutes. Essentially, you have to open a favorable position then after taking a short run profit you need to close your trade immediately. This kind of Forex trading strategy could bring small but numerous profits. You need to have lots of capital also to get considerable profit.

Another Forex trading strategy you can adopt is long term trading technique. You need to get lots of data from your Forex trading broker to implement this strategy. Long term trading involves holding a set position for several months. Some high roller Forex traders hold their positions for over a year. You will depend on fundamental analysis because you have to predict the long term movements of currencies. You also need to have lots of capital to cover the volatility of the market and avoid busting out.

The safest Forex trading strategy you can adopt is the medium risk – medium term trading system. Essentially, you will rely on your set trading positions for a day or couple of days. You can get technical data from your Forex trading broker to predict short term currency movements. This Forex trading strategy will not involve lots of capital and you can trade on the margins with large leverage. Be very sure though to seek advice from your Forex trading broker if this technique is suitable for your capital.

Another safer Forex trading strategy is the combination of medium term and tight trading. You will have to use a stop loss order though for this Forex trading system. It is important therefore to ensure that your Forex trading broker has a utility for stop loss order. In this strategy, you should hold a position for several days. But to avoid disastrous losses, apply a stop loss position. It would be very helpful if your Forex trading broker can automate the stop loss order for you.

Forex trading is a dynamic system. You can still utilize other forms of strategies to take a solid profit from the Forex market. If your Forex trading broker has a practice platform, then it is best to dry run your Forex trading strategy on it. If you see that your trading strategy is working, then implement it on your real money trading. Be ready also to revise your Forex trading strategy if it cannot generate a huge windfall for you.

ForexGen Trading Station

ForexGen Trading Station is the client's part of the online ForexGen Trading Platform. We provide all the needed trading tools for a successful trading. We attempt to supply the sufficient information and tools in order to make the Forex traders' decisions more appropriate and easy. The program has a simple and user friendly interface that allows traders to monitor their transactions and their account as well as performing technical analysis and develop Forex trading strategies of their own. ForexGen provides continuous real-time information and sophisticated technical analysis tools. ForexGen Trading platforms are stable, secure and characterized by its unique performance. It is the best solution for trading on Forex.

Bonus on Deposit in ForexGen

2008-11-11T05:15:00.000-08:00

ForexGen sole aim is to make its clients reach the utmost satisfaction possible. It is not ramble, it is true and all our clients' testimonials are proofs on that.
Every now and then, ForexGen concerns of adding new offers for all traders. And because ForexGen is individualized in approaching revenues, there released a new offer for the current and new clients.

ForexGen's offer for its clients in November 2008 is adding 25% bonus on the deposited amount. This is for both new and existing clients. The moment you fund your money, a 25% will be added immediately to your deposit. Hence, trading with as large amount as you can.

About the period of this offer, it will be expired by 11-12-2008. So, make haste and catch it before it ends.

ForexGen… Just Dream And Leave The Fulfillment For Us

Refer a Friend Promo to ForexGen

2008-11-11T05:11:00.000-08:00

Incredible chance to earn money!
Imagine that if you refer your friend to just open a mini account and gain $10!

So, how much money are you going to make if you refer all your friends?

This is what ForexGen makes. And this is the time when friendship plays its role. ForexGen allows all its clients to refer their friends and earn bonus for that. So, if you refer a friend to open a Pro Account you are going to take $250! Amazing as it is. Trade and make profits from your trades and your friends too. Now you can make millions of friends and merge your wealth.

This offer starts in November 2008 and ends by 11-12-2008.

ForexGen Pro Accounts

2008-11-11T05:06:00.000-08:00

ForexGen… We Enhance Your Performance

There are some questions needed to be asked to yourself:
- Are you interested in trading Forex?
- Do you have enough experience to trade on high amounts?
- Are you professional trader?
- Are you able to make profits with high tradable amount?
- Do you wish to gain huge profits?
If so, then this is your time to do it.

ForexGen concerns with all traders types and is anticipating for their benefit. So, for professional Forex traders, ForexGen has made an amazing offer. The minimum deposit to open a Pro Account it still $1000 instead of $5000! All ForexGen Pro traders are going to fund their account with as low as $1000 and, hence gaining 25% as a bonus. This offer is valid till the end of the current year,
Join The Row And Trade As A Pro…

ForexGen NDD Accounts

2008-11-11T05:02:00.000-08:00

Time when traders are to be millionaires!
ForexGen has come up with a unique offer for those interested in trading No Dealing Desk. If you want to trade any desired amount and the NDD trading is your preferable, so ForexGen is your place.

Due to the fact that 'No Dealing Desk' option is designed for all types of traders, ForexGen has given it much concern for more benefits. ForexGen NDD traders are wiling to open NDD accounts with as low as $5000 for individual account. An amazing chance for NDD traders to open ForexGen NDD accounts with $5000 instead of $20.000.

Come in traders and burst into the market, time to show the world your power.